Primero De Abril (Montecristi) Group
This is where Walter lives. He is 33 years old, he is married and has four children with his wife; they are 17, 16, 14, and 11 years old. They all study, the older ones in high school and the youngest in elementary school. His wife is a housewife.
He works selling fruits and vegetables every day from 5 am to 2 pm. At dawn he goes in his car to the wholesale market in Portoviejo to buy the products to be able to offer them to his customers. Later he goes through the city and certain nearby places selling his products. He has been doing this for 16 years and thanks to God it provides him with what is necessary to live.
This loan is to buy fruit and vegetables. He has had five loan cycles with the communal bank and he likes it because the loans are a big help to finance his business. His dream is to buy another car since the one he has is a little run down.
En este lugar vive es Señor Walter, tiene 33 años de edad, está casado y fruto de esta relación tiene cuatro hijos 17, 16, 14 y 11 años de edad, todos estudian, los mayores en colegio y el menor en escuela. Su esposa es ama de casa.
Él se dedica a la venta de frutas y verduras, trabaja todos los días desde las 05h00 hasta las 14h00, él se desplaza en su carro desde la madrugada hasta el mercado mayorista en Portoviejo para comprar los productos para poder ofrecerles a sus clientes, luego recorre la ciudad y ciertos sitios cercanos vendiendo sus productos, tiene 16 años que se dedica a esta actividad y gracias a Dios le da lo necesario para poder vivir.
Este crédito es para comprar frutas y legumbres. Lleva cinco ciclos en el Banco Comunal y le gusta porque los créditos son de gran ayuda para financiar su negocio.
Su sueño es comprar otro carro ya que el que tiene está un poco deteriorado.
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