The cooperative bank Ametauna First Cycle is located in the El Pajonal neighborhood, where the women know each other. They all have their own businesses, such as cosmetics sales, food sales, hairdresser’s, and jewelry sales. The members realize there is great competition for loans with the various financial institutions, as well with some individual credit. The members of said bank took out credit with the objective of helping their businesses grow and to augment their working capital. Some of them work in other financial institutions.
El banco comunal Ametauna 1º ciclo, está ubicado en el barrio El Pajonal donD. todas son del barrio y se conocen entre ellas. Todas las señoras tiene sus negocios propios como ser: promotoras D. cosméticos, venta D. comida, peluquería, venta D. joyas, venta D. masetas. Las socias aceptan que existe gran competencia D. créditos en las diferentes entidades financieras, y algunos créditos individuales. Las socias D. dicho banco sacaron el crédito con el objetivo D. hacer crecer su negocio y aumentar su capital. Parte D. ellas trabajan en otras instituciones financieras.
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.