Community Banking

What is Community Banking?

Community Banking is a credit methodology that allows people access to credit. These people have a common goal, have no real or personal guarantees, and due to geographical location, do not have access to credit in the traditional financial system.

Who can join?

The community bank must be composed of a minimum of 7 and a maximum of 25 people, who should operate autonomous and independent businesses. In the community bank there must be a spirit of collaboration, organization, friendship, kinship, and above all, solidarity.

Requirements

  • Copy of Identity Card of client and his/her spouse.
  • Copy of payment receipt for water, light or telephone services. It must be recent.
  • Rough sketch of home’s location.
  • A form that describes the planned investment of the credit.