Bonanza (Cuenca) Group
They live in various parts of the city of Cuenca, a city with a cold climate that’s bathed by four rivers which give it the name of “Santa Rosa de los 4 Ríos.” Since December, 1999, it’s been a World Cultural Heritage Site so designated because of the beauty of its historic city center. It also has beautiful places to visit and its cuisine is very diverse.
One of the members of this group is Cinthya, 26. She’s married and has two children who are 8 and 2 years old. Her older son attends the little local elementary school. Her husband works in an auto body shop. She does not have a house of her own so lives in her parents’ house but independently.
By profession Cinthya’s a seamstress and has a sewing shop with her mother since they are equal partners in the business. They work from Monday through Saturday with no fixed schedule; they’ve been in business 8 years.
This is the first loan she’s taken in the communal bank and will use it to buy fabric and thread. Her greatest dream is to expand the business into a factory.
Una de las socias de este grupo es la Señora. Cinthya, tiene 26 años de edad, es casada y fruto de su unión conyugal ha concebido 2 hijos de 8 y 2 años de edad, su primer hijo estudia en una escuelita de la ciudad. Su esposo labora en un taller de latonería (arreglo de latas de vehículos), no tiene casa propia por lo que vive en casa de sus padres pero independientes.
La Señora. Cinthya es de profesión costurera y tienen un taller de confección con su madre ya que laboran en el negocio a medias, trabajan de lunes a sábados sin un horario fijo, se encuentran en el negocio hace 8 años.
Este es el primer cerdito que realiza en el banco comunal y lo va a invertir en la compra de telas e hilos.
Su sueño es de agrandar su negocio hasta llegar a tener una fábrica.
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