1 De Mayo (Cuenca) Group
One of the female members of this group is Karina, who is 23 years old. She is married and has a 4-year-old daughter with her husband. Her husband works in construction as a mason. They don't have their own house so they live with her mother, but in an independent manner.
Karina has been working in business for 5 years. She sells all kinds of clothing on market days. She has also had a food store for 2 years, where she works from Sunday to Sunday from 6 in the morning to 10 at night.
The communal bank finds itself in its second loan cycle, and she will invest the new loan in buying products which are basic necessities to supply her store. Her goal is to have her own house.
The small photograph is of a member who was unable to be present when the group photo was taken.
Una de las socias de este grupo es la Señora. Karina, tiene 23 años, es casada y en su unión conyugal ha concebido una hija de 4 años de edad. Su esposo labora en el área de la construcción como albañil, no tienen casa propia por lo que vive en casa de su mamá pero de manera independiente.
La Señora. Karina se dedica al comercio desde hace 5 años, vende ropa de todo tipo en los días de ferias. También tiene una tienda de comestibles hace 2 años, en la que trabaja de domingo a domingo desde las 6 de la mañana hasta las 10 de la noche.
En el banco comunal se encuentra en su segundo crédito y su nuevo crédito lo va a invertir compra de productos de primera necesidad para surtir su tienda.
Su meta es tener su casa propia.
La foto pequeña es de una socia que 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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