La Ponderosa (Cuenca) Group
María Margarita is one of the group’s members. She is 42 years old, a widow, and lives in the Monay sector. She has two children, ages 17 and 21, both of who are married and on their own. She lives in a rented home.
María Margarita raises livestock and has been doing this for a long time. She uses the milk to make cottage cheese which she sells in Cuenca.
This will be her second loan through the communal bank and she will invest the money in a plot of land. Someday she would like to have a home of her own.
Una de las integrantes del grupo es la Señora. María Margarita, vive por el sector de Monay, tiene 42 años, es viuda y en su unión conyugal ha concebido 2 hijos de 21 y 17 años de edad quienes son casados e independientes. Nuestra socia no tiene casa propia y vive arrendando.
Doña María Margarita se dedica a la crianza de ganado, esta actividad la realiza hace mucho tiempo, con la leche que obtiene de su ganado realiza quesillo y lo vende en la ciudad de Cuenca.
En el banco comunal se encuentra en su segundo crédito y lo va a invertir en la compra de un ternero.
Su sueño es tener su 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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