La Estancia (Cuenca) Group
Jenny lives in the sector of La Estancia. She is 18 years old and she is the mother of a 10-month old baby girl. She lives at home with her parents, although she is independent.
She has been working at a flower plantation for the past 2 years, from Sunday to Sunday, from 7 in the morning until 8 at night.
This is the first loan she accesses through her communal bank. She was invited to join by her mother. The funds from her loan will be invested in the purchase of poultry to start this new business.
The children in the photograph are the children of two other members.
La Señorita. Jenny vive por el sector de la Estancia, tiene 18 años y es madre de una niña de 10 meses de edad. Vive en la casa de sus padres pero de manera independiente.
Nuestra socia hace 2 años labora en una plantación de flores de domingo a domingo desde las 7 de la mañana hasta las 8 de la noche.
Es su primer crédito que realiza en el banco comunal al cual fue invitada por su mamá. El dinero de su crédito lo va a invertir en la compra de pollos para iniciar con este negocio.
Su meta es tener su casa propia.
Los dos niños de la fotografía son hijos de dos socias.
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