The members of the El Carmen community bank are represented by Nelly. The bank is maD. up of 13 members who are in their third loan cycle and have demonstrated unity, honesty, punctuality, and responsibility with their group and with the institution. The members of this bank have different businesses – some sell food or cook, others sell cosmetics, and others work in clothing sales. As in any commercial area, there always exists competition of supply and demand. However, the bank members are always ready, offering products in line with fashion, creating new foods, or selling cheaper products. This loan will be used for the diversification of products and to invest in each small business so that they can purchase lower cost merchandise, or purchase consumables and materials that help generate more income to help them give their families a better quality of life. Despite the adversities, they have demonstrated that they are a dynamic group with a great deal of desire to get ahead with their small businesses which are the means of support for their families.
Las socias del banco comunal "El Carmen" esta representado por la señora Nelly y conformado por 13 miembros los cuales se encuentran cursando su tercer ciclo, demostrando unidad, honestidad, puntualidad y responsabilidad con su grupo y al institución. Este banco tienen diferentes actividades algunas venden comida o a la cocina, otras son promotoras D. cosméticos y otras se dedican a la venta D. ropa. Como en todo rubro comercial siempre existe la competencia D. la oferta y la demanda, pero las socias siempre están listas ofreciendo productos mas acorD. a la moda o innovando en nuevas comidas o en productos mas baratos. El crédito esta destinado para la diversificación D. productos y para invertir en lo que se refiere a cada uno D. sus pequeños negocios ya sea comprando mas mercadería a bajo costo o a la compra D. insumos y materiales que ayuden a generar un mayor ingreso para poder darles a sus familias una mejor calidad D. vida. A pesar D. las adversidades son han demostrado ser un grupo dinámico y con muchas ganas D. salir adelante con su pequeños negocios que representan el sustento D. sus familias.
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.