This group is called "Copacabana” and is represented by Graciela. Two of the group's members are related: Cristina and José Miguel are cousins, but their incomes are independent of one another. The members of the community bank have a variety of businesses such as selling fruit, selling groceries, promoting different brands of cosmetics and selling clothing as street vendors. As with all business, there is competition in the market but the members' experience allows them to continue making a daily income to sustain their families. This loan will be used to increase the stock of goods for their businesses and to buy materials and ingredients to improve their revenue and give their families a better quality of life. Most of the members have previously worked with foundations or other financial institutions like Fundación Agrocapital and so they are familiar with group loans.
El grupo "Copacabana” esta representado por la señora Graciela y se encuentra un parentesco familiar entre las señoras, cristina y el señor José Miguel que son primos pero con ingresos independientes cada uno. Las socias del banco comunal se dedican a diferentes actividades económicas como, venta D. frutas, venta D. abarrotes, promotoras D. diferentes marcas D. cosméticos y ala venta ambulante D. ropa. Como en todo rubro comercial siempre existe la competencia D. la oferta y la demanda pero la experiencia D. las socias les permite salir adelante para llevar el ingreso diario para el sustento D. su familia. El crédito otorgado es para ampliar el stock D. productos para sus negocios y a la compra D. materiales e insumos para mejorar sus ingresos y brindar a sus familias una mejor calidad D. vida. La mayoría D. las socias han trabajado con fundaciones o organizaciones financieras similares a la fundación agrocapital por lo que tienen experiencia en grupo solidaR..
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.