La Florida (Cuenca) Group
One of the members of this group is Janneth. She is 21 years old, married, and has a 2 year-old daughter. Her husband is a professional driver, and he works for a company providing private driver services. They live in their own home.
Janneth started her own business 4 months ago; she has a grocery store where she works every day from 6am until 10 at night.
This is the first loan that she has taken in her communal bank. She was invited to join the group by her mother, who is an active member. She will invest this loan in the purchase of grocery products for her store.
Her goal is to expand her business.
The woman in photograph who is wearing a hat is the mother of one of the members; she is not a member of this group.
Una de las socias de este grupo es la Señora. Janneth, tiene 21 años de edad, casada y tiene una hija de 2 años de edad, su esposo es de profesión chofer y labora prestando sus servicios en una empresa como chofer particular, la casa en la que viven es de su propiedad.
Ella hace 4 meses inicio su propio negocio, tiene una tienda de comestibles en la cual trabaja de domingo a domingo desde las 6 de la mañana hasta las 10 de la noche.
Este es su primer crédito que realiza en el banco comunal al cual fue invitada por su mamá quien es socia activa, su crédito lo va a invertir en la compra de víveres para surtir su tienda.
Su meta es ampliar su negocio.
La señora que está con sombrero en la foto es madre de una de las socias, no es integrante de este 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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Success!! The loan was 100% repaid