The communal bank "El Porvenir" is represented by Juana, and consists of five men who work in transport and agriculture and 14 women, the majority of whom sell baked goods, food, clothing and snacks. This is their first loan cycle in this institution, but they demonstrate a great deal of enthusiasm and the drive to work to succeed. Competition does not worry them since the high quality of their products secures their market, especially with their work ethic. The loan will be used to purchase inputs and tools to improve their service as well as the quantity and quality of their products, in order to increase their sales and thus their incomes. The members' experience in credit solidarity groups shows in their ability to manage and administer funds as well as in their responsibility toward their obligations.
El banco comunal "El Porvenir" esta representados por la señora Juana y conformado por 5 varones que se dedican al transporte y a la agricultura y 14 señoras en su mayoría se dedican a la venta de horneados, comidas, ropa y refrigerios. Este es su 1er ciclo en nuestra institución pero demuestran gran entusiasmo y ganas de trabajar para salir adelante. La competencia no les preocupa ya que la buena calidad de sus productos tiene su mercado asegurado en especial con la modalidad de trabajo que tienen. El crédito esta destinado a la compra de insumos y herramientas para mejor su servicio y también la calidad y cantidad de sus productos para incrementar sus ventas y por ende sus ingresos. La experiencia de los miembros del grupo en créditos solidarios hace ver que tienen experiencia en el manejo y administración de fondos así como en su responsabilidad con sus obligaciones.
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.