Sociedad 12 De Abril (Cuenca) Group
Blanca lives in the sector of Totoracocha in the city of Cuenca. She is 39 years old and she is the single mother of 5 children, aged 20, 16, 11, 9 and 3. Her eldest child works and it is he who helps her financially. Her second child is in high school, and her third and fourth child is in primary school in the city. She does not own a house of her own, which is why she rents.
Blanca has been a fruit and vegetables merchant in the city's market for 20 years. She works from Sunday to Sunday from 7 in the morning until 6 in the evening from her own stand. When there are soccer games she sells confections in the stadium.
She has been with her communal bank for 2 years and her new loan will be invested in the purchase of fruits and vegetables for her business.
Her dream is to have a house of her own.
At this time Karina is pictured with our group. She is the communal bank credit agent. She is seated among the members, wearing a white blouse.
La Señora Blanca vive por el sector de Totoracocha en la ciudad de Cuenca, tiene 39 años, es madre soltera de 5 hijos de 20, 16, 11, 9 y 3 años de edad, su primer hijo trabaja y es quien le ayuda económicamente, su segundo hijo estudia en el colegio, su tercer y cuarto hijo estudian en una escuelita de la ciudad. No tiene casa propia por lo que vive arrendando.
Doña Blanca es comerciante de frutas y verduras en un mercado de la ciudad hace 20 años, trabaja de domingo a domingo desde las 7 de la mañana hasta las 6 de la tarde en su puesto propio. Cuando hay partidos de fútbol vende confitería en el estadio.
En el banco comunal esta hace 2 años y su nuevo crédito lo va ha invertir en la compra de frutas y verduras para su negocio.
Su sueño es tener su casa propia.
En esta ocasión nos acompaña en la foto la Señora Karina, es la promotora de crédito de Banco Comunal, está sentada entre las socias con una blusa blanca.
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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