Las Preciosas Group
8 years ago she began to work as a street vendor selling clothing, shoes, sheets, and more. Her 25 year-old son helps her. Sometimes she finds it difficult to transport the merchandise but she pushes ahead for her family.
With the loan she would like to buy more sheets, shoes, and blouses so that she can have more variety in her merchandise.
Cruz is the coordinator of the Preciosas group. She is pictured dressed in a flowered blouse in the corner on the right. The Preciosas group lives in the outskirts of the city of Paraíso de Guayaquil. The group is made up of 4 working women and their businesses are selling ice cream cones, clothing and perfume.
Cruz will share this loan with the Preciosas group. They have all agreed to be responsible in the repayment of the loan.
Cruz hace 8 años atrás es vendedora ambulante de ropa, zapatos, sabanas y otros, le ayuda su hijo de 25 años. A veces se le hace complicada la transportación de la mercadería pero sigue adelante por su familia.
Con el préstamo quiere comprar más sabanas, zapatos, blusas para tener más variedad en su mercadería.
Cruz es la coordinadora del grupo las Preciosas ella en la foto esta vestida con una blusa floríada en la esquina de la derecha. El grupo las Preciosas viven en una zona periurbana en Paraíso de Guayaquil, es integrado por 4 mujeres emprendedoras. Ellas trabajan vendiendo barquillos, ropa, perfumes.
Cruz compartirá este préstamo con el grupo las Preciosas. Ellas mutuamente se han comprometido ser responsables en pagar el préstamo.
About Banco D-MIROBanco D-MIRO is a microfinance institution that serves the most vulnerable sectors of Ecuador’s economy. It offers very small loan sizes without requiring collateral, expanding access to borrowers who would not otherwise be able to access capital to start and grow their own businesses. It also specifically targets borrowers who are excluded from formal financial systems due to race, ethnicity, gender, disability or illness.
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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Success!! The loan was 100% repaid