Cynthia Elizabeth is one of the group members; she has 3 daughters and is pregnant, and lives with her partner. Cynthia sells new clothes at the market near her home, and also has a snack stand at home where she sells soft drinks, sweets and snacks. She supports her husband with household expenses since he works in construction and sometimes does not have work.
With this loan, Cynthia hopes to buy several bales of clothes to sell and increase her profits. One of her long-term goals is to create a cybercafe (Internet Cafe) in her home, which she believes is a good business in her community.
Cinthia Elizabeth es una de las integrantes del grupo, tiene 3 hijas, está embarazada y vive en unión libre. Cinthia se dedica a la venta de ropa nueva en un mercado cerca de su casa y además tiene un snack en su casa en donde vende refrescos, golosinas y botanas. Ella apoya a su esposo con los gastos del hogar ya que éste es albañil y en ocasiones no tiene trabajo. Con su crédito, Cinthia espera comprar varias pacas de ropa para venderla y aumentar sus utilidades.Una de las metas a largo plazo de Cinthia es poner un CyberCafé (Internet Cafe) en su casa ya que ella cree que es un buen negocio en su comunidad.
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