Tierra Blanca (Cuenca) Group
The members work in different sectors, which allow them to pay their household expenses. One of the members of the group is María Eugenia. She lives near the Catholic citadel in Cuenca. She is a 34-year-old, single mother of an 8-year-old girl who studies at one of the city's schools. She does not have her own home, so she lives with her parents who share the household expenses with her.
María Eugenia is a merchant. She sells various products such as electrical appliances and clothes. She sells by traveling to the outskirts of the city. She works Monday through Saturday, without a fixed schedule.
This is her first loan with the communal bank, to which she was invited by a friend. She will invest the money from the loan into buying clothes and some electrical appliances. Her dream is to have a store where she can sell her products.
The small photo shows the three members who were unable to make it when the group photo was taken.
Una de las socias de este grupo es la Señora. María Eugenia, vive por el sector de la ciudadela Católica en la ciudad de Cuenca, tiene 34 años de edad, es madre soltera de una niña de 8 años de edad que estudia en una escuelita de la ciudad. No tiene casa propia por lo que vive en casa de sus padres con quienes comparte los gastos del hogar.
Doña María Eugenia es comerciante, se dedica a la venta de varios productos como electrodomésticos y ropa, vende recorriendo por las afueras de la ciudad y trabaja de lunes a sábados sin un horario fijo.
Este es el primer crédito que realiza en el banco comunal al cual fue invitada por una amiga. El dinero de su crédito lo va a invertir comprando ropa y algunos electrodomésticos.
Su sueño es tener un local donde vender sus productos.
La foto pequeña es de tres 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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