In one of the main centers of Pro Mujer Juan Pablo II you will find the "Caminantes" Communal Bank. The group is three years old and organized around their reliance on capital in growing their businesses. One of the members is Yola G. who is 48 years old. She has two small businesses. For one she sells food and for the other she sells cookies. For both of these she needs to borrow money in order to buy ingredients such as flour and butter. Yola sells the cookies she makes from the door of her house and she does well. Her friends also have their own businesses where they sell vegetables, rails, dried food, fruit, clothes, cosmetics and food. The need a loan to buy merchandise, raw materials and ingredients and continue growing their business and finding new clients.
En uno de los Centros Focales de Pro Mujer Juan Pablo II se encuentra la Asociación Comunal Caminantes, con tres años de antigüedad, se organizaron por la necesidad de contar con un capital para hacer crecer sus negocios. Una de las integrantes es Yola G. de 48 años, ella tiene dos negocios pequeños uno es la venta de comida y otra la venta de masitas, en esta oportunidad requiere del préstamo para comprar insumos como la harina y manteca. Yola vende las masitas que elabora en la puerta de su casa y le va bien. Sus compañeras también tienen sus propios negocios como la venta de verduras, rieles, alimento seco, fruta, api, ropa, cosméticos y comida. Necesitan el préstamo para comprar mercadería, materia prima e insumos y seguir haciendo crecer su negocio consiguiendo siempre nuevas clientas.
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.