Nueva Esperanza Group
Mrs. Vicencia, president of the communal bank "Nueva Esperanza", is one of the oldest members, and has completed eight cycles in the communal bank. With respect to her business, she has been in the book selling business for 25 years. The loan which she is asking for, BOB 4000, will be used to buy books.
La señora Vicencia, presidenta de la banca comunal “Nueva Esperanza” es una de las socias más antiguas, cuenta con ocho ciclos en la banca comunal. Con respecto a su negocio ella lleva 25 años en el negocio de la venta de libros, el crédito que ahora ha solicitado Bs.4000.- que será utilizado para la compra de libros.
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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