Hermano Miguel (Cuenca) Group
One of the members of this group is Sra. Erlinda. She lives in the parish of Yanuncay in the city of Cuenca. Erlinda is 24 years old and a single mother of two children, ages 7 and 2. Her oldest child attends school in the city. She lives with her parents in a rented house and shares in the household expenses.
For the past six months, Erlinda has worked as an employee at a private company. She works Sunday to Sunday on rotating shifts. She has also been selling cosmetics of various brands for one year. Erlinda has been a member of her Communal Bank for three years and her new loan will be invested in the purchase of cosmetics so that she can increase her inventory. Her goal is to buy a vehicle.
The smaller photos shown are of two members who were not present when the group photo was taken.
Una de las socias de este grupo es la Señora. Erlinda, vive por la parroquia de Yanuncay en la ciudad de Cuenca, tiene 24 años, es madre soltera de 2 hijos de 7 y 2 años de edad, su primer hijo estudia en una escuelita de la ciudad. Vive con sus padres en una casa arrendada y comparte con ellos los gastos del hogar.
La Señora. Erlinda labora hace 6 meses como empleada privada, trabaja de domingo a domingo en horarios rotativos, hace un año también se dedica a la venta de cosméticos de varias marcas.
Es socia del banco comunal hace 3 años y su nuevo crédito lo va a invertir en la compra de cosméticos para aumentar su mercadería.
Su meta es comprarse un vehículo.
Las fotos pequeñas son de dos socias que no pudieron estar presentes 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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