Alianza Unida (Cuenca) Group
One of the members of this group is 39-year-old Elsa who is a single mother and has three children who are 17, 14 and 7. Her two eldest children are in high school and her youngest is attending a local elementary school. Elsa does not own her own home but instead lives with her parents in a house that they own. They share the household expenses.
Elsa has been working in a restaurant for the past 20 years. She works shifts from Sunday to Sunday.
Elsa has been a member of her community bank for six years and she will invest her new loan in covering her children's educational expenses. Her dream is for her children to become professionals.
Una de las socias de este grupo es la Señora. Elsa, tiene 39 años y es madre soltera de 3 hijos de 17, 14 y 7 años de edad, sus dos primeros hijos están estudiando en el colegio y su último hijo está en una escuelita de la ciudad. No tiene casa propia por lo que vive en casa de sus padres con quienes comparte los gastos del hogar, la casa es propiedad de sus padres.
Doña Elsa trabaja en un restaurante, esta actividad la desempeña hace 20 años, trabaja de domingo a domingo en turnos rotativos.
Es socia del banco comunal hace 6 años y su nuevo crédito lo va a invertir en el pago de los estudios de sus hijos.
Su sueño es que sus hijos sean muy buenos profesionales.
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