Alianza Unida (Cuenca) Group
One of the members is Vilma, 40, married and with 3 children, 21, 19 and 14. The oldest two work and pay for their own expenses and her youngest son is in school in the city. Her husband is an industrial mechanic who works in his own shop and they live in their own house.
Our members has been a domestic worker for the past 12 years; she works all week on a rotating schedule.
She will use the money to buy supplies for her home and construction materials to make some repairs on her house.
Her goal is to finish her house.
The small photo is of a member who couldn’t be there when the picture of the group was taken.
Una de las socias de este grupo es la Sra. Vilma, tiene 40 años, es casada y en su unión conyugal ha concebido 3 hijos de 21, 19 y 14 años de edad, sus dos primeros hijos trabajan para sus gastos personales y su ultimo hijo estudia en un colegio de la ciudad. Su esposo es de profesión mecánico industrial y labora en su taller propio, la casa en la que vive es de su propiedad.
Nuestra socia labora como empleada privada desde hace 12 años, trabaja de domingo a domingo en horarios rotativos.
El dinero de su crédito lo va a invertir comprando víveres para su hogar y materiales de construcción para hacer algunos arreglos en su casa.
Su meta es terminar su casa.
La foto pequeña es de una socia que no pudo estar presente cuando se tomo 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