LebanonFoodFunding via Al Majmoua Lebanese Association for Development
PhilippinesAgricultureFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
PhilippinesRetailFunding via Center for Community Transformation Credit Cooperative, a partner of HOPE International
Mujeres Con Visión (Cuenca) Group
One of the members of this group is Sra. María Angelita. She lives in the District of Quinta Chica in the city of Cuenca. She is 28 years old and a single mother of a nine-year-old son who attends a school in the city. María Angelita does not own a home, so she lives at her parents' house and shares in the household expenses. Her father is in construction while her mother is in charge of the household chores.
Sra. María Angelita is in the retail trade. She buys and sells handicrafts made of plaster. She has been in this business for four years and her merchandise is sold while she travels around the city. María Angelita works Monday through Friday, but she does not have a set schedule. This is her first loan with the Communal Bank. She will invest in the purchase of handicrafts so that she will have greater variety. Her goal is to have her own workshop for producing handicrafts.
The smaller photo shown is of a member who was not present when the group photo was taken.
Una de las socias de este grupo es la Señora. María angelita, vive por el sector de Quinta Chica en la ciudad de Cuenca, tiene 28 años, es madre soltera de un hijo de 9 años de edad que estudia en una escuelita de la ciudad. No tiene casa propia por lo que vive en casa de sus padres y comparte los gastos del hogar, su padre se dedica a la construcción y su madre se dedica a los quehaceres del hogar.
La Señora. María Angelita se dedica al comercio, ella compra y vende artesanías elaboradas en yeso, esta actividad la realiza hace 4 años y su mercadería la vende recorriendo la ciudad, labora de lunes a viernes sin un horario fijo.
Este es el primer crédito que realiza en el banco comunal y lo va a invertir en la compra de artesanías para tener una mayor variedad.
Su meta es llegar a tener su propio taller para fabricar sus artesanías.
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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Success!! The loan was 100% repaid