There are 11 members in the group. Their businesses are diverse: a cleaning service in a public restroom, bed spread macramé, handicrafts on bags, baby bottle sales, costume sales, flaxseed sales, sale of food, breakfast, and refreshments, handicrafts sales, and shake sales.
The president of the communal bank, Claudia, is a mother of two children. She joined the communal bank because she needed to raise money to advance her business selling breakfast, lunch, and tea at the bus stop in the Parque Ecológico (Ecological Park) in La Paz. The loan that she has requested is for Bs. 2000, which will be used to purchase sugar, fideo noodles, cooking oil, and potatoes wholesale.
La presidenta de la banca comunal, señora Claudia es madre de 2 niños, ingresó a formar parte de la banca comunal porque necesitaba capitalizarse para llevar adelante su negocio de venta de desayuno – almuerzo – te, en la parada de los buses del parque Ecológico de la ciudad de La Paz. El préstamo que ha solicitado es por Bs.2000.- y será invertido en la compra de azúcar, fideo, aceite, papa por mayor.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid