Nuevo Florecer (Cuenca) Group
One of the members of the group is Señora Martha. She lives in the Balzay sector in the city of Cuenca. She is 29 years old and a single mother of 2 children ages 14 and 12 who attend school. She doesn't have her own house so she rents. Señora Martha has been privately employed for 3 years and works Monday through Saturday. In her free time she also sells all types of clothing as a street vendor. She has been a member of the communal bank for 2 years. With this new loan she will buy clothing so she can have greater variety for her customers. He goal is to have a vehicle.
Una de las socias de este grupo es la Señora. Martha, vive por el sector de Balzay en la ciudad de Cuenca, tiene 29 años, es madre soltera de 2 hijos de 14 y 12 años de edad que estudian en colegio y escuela. No tiene casa propia por lo que vive arrendando.
La Señora. Martha labora como empleada privada actividad que la desempeña hace 3 años y trabaja de lunes a sábados, en su tiempo libre también se dedica a la venta de todo tipo de ropa y su mercadería la vende recorriendo la ciudad.
Es socia del banco comunal hace 2 años y su nuevo crédito lo va a invertir en la compra de ropa para tener una mayor variedad para su clientela.
Su meta es tener un vehículo.
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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