El Paraiso (Cuenca) Group
One of the members of the El Paraíso group is Rosa Cecilia, who is twenty-seven years old and a single mother who cares for her four year old son. She lives in a house which she owns.
Rosa Cecilia takes care of her duties in the house and raises hogs, chickens, and guinea pigs, which she sells in her community. Additionally, she works twice a week cleaning houses.
She is requesting her fifth loan with the communal bank, and she will invest it by purchasing hogs, chickens, and guinea pigs, as well as feed for them.
Her dream is to travel and see the world.
Una de las socias de este grupo es la Señorita. Rosa Cecilia, tiene 27 años de edad, es madre soltera de un niño de 4 años de edad. Vive en una casa que es de su propiedad.
La Señorita. Rosa Cecilia se dedica a los quehaceres de su hogar y a la cría de cerdos, pollos y cuyes a los que los vende en su comunidad. También dos veces por semana trabaja en el arreglo de casas.
Se encuentra en su quinto crédito que realiza en el banco comunal y lo va a invertir en la compra de cerdos, pollos, cuyes y en el alimento para los mismos.
Su sueño es de viajar y conocer varios lugares del mundo.
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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