Flor Kantutita Group
Communal Bank “FLOR KANTUTITA”
The communal bank “Flor Kantutita” is requesting a loan for the fourth time; it is a part of the German Busch Regional Office. It is made up of nine people. Their President is Rosario del Carmen L. C..
Rosario del Carmen L. C. has worked with Pro Mujer for 3 loan cycles (approximately 1.5 years). Her business for the past eight years has been selling food. She sells in the neighborhood of Alto Lima.
Her first loan was for Bs. 1,500.00. Currently the communal bank has approved her to receive Bs. 3,500.00. She says that she will use it to buy foodstuffs at wholesale prices.
The members of the communal bank have several types of businesses, such as: Selling fabrics, selling food, general sales, selling cosmetics, making turtle-neck sweaters, pasanaku (an informal system of daily savings), and making and selling CDs, DVDs, and VCDs.
A.C. FLOR KANTUTITA
La Asociación Comunal “FLOR KANTUTITA”, es una asociación que solicita crédito por cuarta vez, es parte del Centro Focal de German Busch, está compuesta por nueve personas, tienen como presidenta a la señora Rosario del Carmen L. C..
La señora Rosario del Carmen L. C. trabaja en Pro Mujer desde hace 3 ciclos (aproximadamente un año y medio). Tiene como negocio la venta de comida desde hace ocho años. La venta es realizada en la Zona de Alto Lima.
El primer crédito fue por Bs.1500.-, actualmente la asociación le aprobó Bs.3500.-, ella indica que le servirá para la compra de víveres al por mayor.
En el caso de las integrantes de la asociación comunal, tienen diversos negocios, como: venta de telas, venta de comida, comerciante, venta de cosméticos, confección de chompas de cuello alto, pasanaku (sistema de ahorro diario, no formal), producción y venta de CD, DVD´s, VCD.
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.
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