The community bank "PrimaV. Júnior" is a group in its second loan cycle and maD. up of 19 members who know each other as they live in the same neighbourhood and have a lot of trust in each other. The group is represented by Carmen, the President of the group. Among the activities the members are active in are: the sale of products such as clothing, bread, food, baking and activities such as motorcycle taxi, secretary, teacher, employee, cashier and dressmaker. There is a great deal of competition in the commercial and services' worlds but these members know how to stay in business thanks to their experience and their desire to work to see their families progress. The loan will be used to buy ingredients, materials, and tools to improve their income and give their families a better quality of life. The member finished their previous loan cycle, showing their ability, honesty and responsibility in their repayments and because of this Fundación Agrocapital has entrusted them with this latest loan.
El banco comunal "PrimaV. Júnior" es un grupo que esta cursando su segundo ciclo conformada por 19 miembros que se conocen ya que residen en la misma zona y se tienen mucha confianza, esta representado por la señora carmen quien e la presidenta del grupo. dentro D. las actividades que realizan los miembros del grupo para generar ingresos se tiene al comercio D. productos como ropa, pan, comida, repostería y a actividades como moto taxista, secretaria , profesora, empleado, cajeras y modistas. Dentro del ámbito comercial y D. servicios existe gran competencia, pero los socios (as) saben como salir adelante gracias a su experiencia y ganas D. trabajar para sacar adelante a sus familias. El destino del financiamiento es para la compra D. insumos, materiales y herramientas para mejorar sus ingresos y poder brindar a sus familias una mejor calidad D. vida. Los socios (as) cumplieron su anterior siclo demostrando capacidad, honestidad y responsabilidad en sus pagos por lo que la fundación agrocapital confía en este nuevo financiamiento.
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.