Las Profes (Cuenca) Group
One of the members of this group is Margoth. She lives in the Las Pencas area of the town of Cuenca. She's 52 years old and married, and from her marriage she conceived four children. Two of her children are married and live independent lives; her two youngest children attend one of the town's schools. Her husband works as a private employee. They own the house they live in.
Margoth works as a teacher. She teaches classes in a small school of the town. She's been in this line of work for 24 years and works Monday through Friday.
This is her second loan with the communal bank, and she'll use it to purchase construction supplies in order to make home improvements.
Her dream is to travel to the Galapagos Islands and abroad.
On this occasion, the photograph also features the gentleman who's Regional Coordinator for the foundation. The small picture is that of a member who couldn't be present when the group's photo was taken.
Una de las socias de este grupo es la Señora. Margoth, vive por el sector de Las Pencas en la ciudad de Cuenca, tiene 52 años, casada y fruto de su unión conyugal ha concebido 4 hijos, dos de sus hijos son casados y viven independientes y sus dos últimos hijos están estudiando en un colegio de la ciudad. Su esposo labora como empleado privado, la casa en la que viven es de su propiedad.
Nuestra socia se dedica a la docencia, labora dictando clases en una escuelita de la ciudad, se encuentra en este trabajo hace 24 años y trabaja de lunes a viernes.
Este es el segundo crédito que realiza en la banca comunal y lo va a invertir comprando materiales de construcción para mejorar su vivienda.
Su sueño es viajar a Galápagos y al extranjero.
En esta ocasión nos acompaña en la foto el Señor Coordinador Regional de la Fundación. 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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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Success!! The loan was 100% repaid