The community bank is located in the barrio pampa; these are people who didn't have access to the financial system, and who are very grateful to the institution for the support they provide in the form of low interest loans, and mostly for the opportunity to grow financially in their businesses. The president and the treasurer have indicated that if they are successful this time around they will continue to work with the institution to improve their quality of life. The bulk of their business is the sale of food.
El banco comunal se encuentra ubicado por el barrio pampa, son personas que no tenían accedo al sistema financiero y están agradecidas con la institución por apoyo que brindan con créditos con intereses bajos y sobre todo porque les da la oportunidad de crecer económicamente en sus negocios. Menciona la tesorera y la presidenta que si en esta oportunidad les va bien seguirán trabajando con la institución para mejorar su calidad de vida. De la mayoría sus negocios son la venta de comida.
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.