San Luis (Cuenca) Group
Luz is one of the members of this group. She lives on the outskirts of Paute Canton and is 43 years old and divorced. From her marriage she had eight children: four are independent, three work and help her economically, and one attends school locally. She doesn't have her own home but she lives in the house of one of her daughters.
Luz has been selling vegetables and legumes for 20 years. She sells her products only on market days, and she has her own stall in a market in the area. At home she raises chickens, guinea pigs, and pigs.
This is her first loan from the communal bank and she's going to invest it in her two businesses. She's going to buy vegetables to sell, guinea pigs, and food for her animals.
Her goal is to have a place to sell food.
Una de las integrantes de este grupo es la Señora Luz, vive por los alrededores del Cantón Paute, tiene 43 años, es divorciada y en su unión conyugal ha concebido 8 hijos de los cuales cuatro son independientes, tres trabajan y le ayudan en la económicamente y uno estudia en una escuelita de la localidad. No tiene casa propia pero vive en casa de su una de sus hijas.
Doña Luz se dedica a la venta de verduras y legumbres hace 20 años, vende sus productos solo los días de feria y tiene un puesto propio en un mercado de la localidad. En su casa se dedica a la cría pollos, cuyes y cerdos.
Este es su primer crédito que realiza en el banco comunal y lo va a invertir en sus dos negocios, va a comprar verduras para la venta, cuyes y alimento para sus animales.
Su meta es tener un local para vender comida.
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