Mujeres Cumbeñas (Cuenca) Group
One of the members of the group is María Isabel. She is 34 years old, single, and lives with her mother, who makes a living raising livestock and owns the house that they live in.
For 3 years María Isabel has worked cleaning homes and offices for a living. She works all day from Monday to Friday.
This is María Isabel’s first loan with the communal bank, which her sister invited her to join. She is going to use the loan to purchase jewellery and cosmetics so she can begin selling those items.
Her goal is to build her own home.
The children who appear in the photo are the children of two of the members.
Una de las socias de este grupo es la Señorita. María Isabel, tiene 34 años de edad, es soltera y vive con su mamá quien se dedica a la cría de animales, la casa en la que vive es propiedad de su mamá.
La Señorita. María Isabel trabaja hace 3 años limpiando casas y oficinas, trabaja de lunes a viernes todo el día.
Este es su primer crédito que realiza en el banco comunal al cual fue invitada por su hermana, su crédito lo va a invertir en la compra de joyas y cosméticos para iniciar con la venta de estos productos.
Su meta es construir su casa propia.
Los niños de la foto son hijos de dos socias.
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