Renacer Del Cerro Del Guayabal (Montecristi) Group
This is a group of 13 members who decided to get together 4 months ago and form this communal bank. It has been a great help, since they have been able to grow their small businesses. They work in different activities such as sales, services, selling food and more.
One of the members of this group is Margarita Cuz. She is 55 years old, married and has 8 children. Seven of them are grown and a 14 year old girl goes to high school. All of her children live in her home, although one is engaged. Her husband is a merchant.
In order to help her husband with the household expenses, she sells clothes and Yanbal products (beauty products such as cosmetics, perfume and women's accesories). She sells door to door, working three days a week for two to three hours a day. She sells her products on credit since if she doesn't she doesn't sell, and collects every week. She has been doing this activity for more that 4 years and it is going well for her. Thanks to this, she was able to to pay for her daughter's schooling.
This loan is to buy perfume, creams, cosmetics and clothes. This is her second loan, like it is for most of the members of the communal bank and she likes it because the loans are quick.
Her dream is to see her daughter earn a professinal degree and that is why she fights day to day to give her a good education.
Este es un grupo de 13 socias que hace 4 meses decidieron unirse y formar este Banco Comunal que les ha sido de gran ayuda ya que han podido aumentar sus pequeños negocios. Se dedican a diversas actividades tales como comercio, servicios, venta de comidas entre otras actividades.
Una de las socias de este grupo es la señora Margarita Cuz, tiene 55 años de edad, está casada y de esta relación tienen 8 hijos, 7 de ellos mayores de edad y una chica de 14 años que estudia en colegio, todos sus hijos aun viven en su casa a pesar de que uno ya está comprometido. El esposo se dedica al comercio.
Ella para ayudar a su marido con los gastos del hogar se dedica a la venta de ropa y productos de Yanbal (productos de belleza, cosméticos, perfumería y accesorios para damas). Su forma de venta es puerta a puerta, trabaja tres días a la semana de dos a tres horas diarias, deja sus productos a crédito ya que si no es así no vende y cobra cada ocho días. Tiene más de 4 años que se dedica a esta actividad y le va bien. Gracias a esto ella puede pagar los estudios de su hija.
Este crédito es para comprar perfumes, cremas, cosméticos y ropa. Este es el segundo ciclo al igual que la mayoría en el Banco Comunal y le gusta porque los créditos son rápidos.
Su sueño es ver que su hija sea una profesional ya que por eso ella lucha para darle una buena educación.
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