The members of the communal bank "Rey D. Reyes 2" have chosen the mother-daughter team of Mrs. Maria Teresa and Mrs. Ana Gabriela as their representatives. The members each have different activities such as selling food in the evenings, selling cosmetics, sewing clothing (like Maria), as well as gardening-related items such as plants. As in all business there is competition through supply and demand. This loan is targeted to buy varied merchandise and to invest in each of the businesses. The members commented they have worked with loans from other financial institutions. This is their first loan with the Fundación Agrocapital.
Las socias del banco comunal "Rey D. Reyes 2", presentan como nexo consanguíneo a la Sra. Maria Teresa y la Sra. Ana Gabriela son madre e hija. Las socias D. este banco tienen diferentes actividades algunas venden comida por las noches y son promotoras D. cosméticos, otros como la señora María se dedican a la confección D. prendas D. vestir, también algunas venden plantas y todo lo referente jardinería. Como en todo rubro comercial siempre existe la competencia D. la oferta y la demanda. Este crédito esta destinado para la variación D. productos y para invertir en lo que se refiere a cada uno D. sus rubros. Efectivamente las socias comentan que trabajan con créditos D. otras instituciones financieras. Lo que respecta a la Fundación se encuentran en su 1er ciclo.
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.