Caritas Alegres (Cuenca) Group
One of the members of the group is Martha. She is 27 years old and a single mother of three children who are 12, 10 and 7 years old. All her children study in the city school. They do not have their own house, so they rent.
Martha works in the market selling potatoes, for which they pay her a monthly salary. She has been working in this job for 15 years. She works from Sunday to Sunday from 7 in the morning until 7 at night.
In the communal bank, she is in her second loan cycle and will invest her loan in her children’s schooling expenses.
Her goal is to have her own business selling potatoes, since she knows the business already.
The small photo attached is of a member who, for health reasons, was not able to be present when the group photo was taken.
Una de las socias de este grupo es la Señora Martha, tiene 27 años, es madre soltera de 3 hijos de 12, 10 y 7 años de edad, todos sus hijos estudian en una escuelita de la ciudad. No tiene casa propia por lo que vive arrendando.
La Señora. Martha trabaja en un puesto en el mercado donde venden papas por el cual le pagan un sueldo mensual, trabajo en el que se encuentra hace 15 años, labora de domingo a domingo desde las 7 de la mañana hasta las 7 de la noche.
En el banco comunal se encuentra en su segundo ciclo y su crédito lo va a invertir en los gastos escolares de sus hijos.
Su meta es tener un negocio propio de venta de papas ya que conoce el negocio.
La foto pequeña adjunta es de una socia que por motivos de salud no pudo estar presente cuando se tomó la foto del grupo.
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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