El Aguacate (Cuenca) Group
One of these members is Señora Mercedes. She lives in the Monay neighborhood and this is her fourth loan with the communal bank.
She is 63 years old, married and the fruit of their conjugal union has brought them 5 children who are now adults. Four of them are married and independent and one works and helps them financially. Her husband helps around the house. Their house is their own and is the result of their effort and hard work when they were young.
Doña Mercedes raises animals such as pigs, chickens and guinea pigs. She also works in agriculture and what she grows is for their consumption and to sell.
With this new loan she will buy pigs, chickens and guinea pigs.
Her goal is to have more animals to raise and sell.
Una de las socias es la Señora. Mercedes, vive por el sector de Monay y se encuentra en su cuarto crédito que realiza en el banco comunal.
Tiene 63 años, es casada y fruto de su unión conyugal ha concebido 5 hijos quienes son mayores de edad, cuatro son casados e independientes y uno trabaja y le ayuda económicamente. Su esposo le ayuda en casa, la casa en la que vive es propia siendo el resultado del esfuerzo y trabajo en su juventud.
Doña Mercedes se dedica a la cría de animales como: cerdos, gallinas y cuyes, también labora en la agricultura y lo que cosecha es para su consumo y para la venta.
Su nuevo crédito lo va a invertir en la compra de cerdos, cuyes y gallinas.
Su meta es tener más animales para la cría y venta.
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