Ilusiones (Cuenca) Group
The members of the communal bank are hard-working people who work each day to improve their financial situation and help their families get ahead. They are happy, charismatic women and they still maintain their village’s culture and traditions.
One of the members is Fanny. She is 23 years old, married and has 2 children, one child of three years and one child of one year and eight months. Her husband works as a bricklayer. They don’t have their own house and live in her mother’s house with whom they share the household expenses.
Fanny spends her time looking after the children who are still very young, but to contribute to the family’s income, three months ago she created a small shop in her house where she sells clothes. She works without any fixed opening hours Sunday to Sunday.
She has been a member of the communal bank for 2 years. She is asking for a loan to buy clothes so as to have a greater selection in her shop. Her goal is to expand her business into a boutique.
Una de las socias de este grupo es la Señora. Fanny, tiene 23 años, es casada y fruto de su unión conyugal ha concebido 2 hijos de 3 y 1 año 8 meses. Su esposo labora como albañil, no tienen casa propia por lo que vive en casa de su mamá con quien comparte los gastos del hogar.
La Señora. Fanny se dedica a cuidar a sus hijos que aun están pequeños, pero para aportar a la economía de su hogar en su casa se ha colocado un pequeño local donde vende ropa hace 3 meses, labora sin horario y de domingo a domingo.
Es socia del banco comunal hace 2 años y su nuevo crédito lo va a invertir en la compra de ropa para tener un mayor surtido.
Su meta es agrandar su negocio hasta llegar a tener una boutique.
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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