Cristo Del Consuelo (Cuenca) Group
Mrs. Zoila Fernández lives in the Cristo Rey area of the city of Cuenca. She is 42 years old, divorced and has four children, ages 22, 20, 18 and 16. Her eldest daughter works and helps cover household expenses. Her second daughter is married and independent. Her third daughter is in school in the city and her youngest son works to cover his own expenses. They live in rental property.
For seventeen years, Doña Zoila has been selling "chuzos" (meat on a stick), from Sunday to Sunday, from 4:00 p.m. to 11:00 p.m.
This is her 11th loan through the communal bank and she plans to use it to buy ingredients for the chuzos: meat, peppers, onions, potatoes, sausages, etc.
Her dream is to have her own home one day.
La Señora Zoila Fernández vive por el sector de Cristo Rey en la ciudad de Cuenca, tiene 42 años, es divorciada y tiene 4 hijos de 22, 20, 18 y 16 años de edad, su primera hija trabaja y ayuda en la economía del hogar, su segunda hija es casada e independiente, su tercera hija estudia en un colegio de la ciudad y su ultimo hijo trabaja solo para sus gastos personales. No tiene casa propia por lo que vive arrendando.
Doña Zoila se dedica a la venta de chuzos (carne en palito), esta labor la realiza hace 17 años de domingo a domingo desde las 4 de la tarde hasta las 11 de la noche.
Este es el onceavo crédito que realiza en el banco comunal y lo va a invertir en la compra de producto para la elaboración de chuzos como: carne, pimientos, cebolla, papas, salchichas, etc.
Su sueño es tener casa propia.
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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