Mujeres Formales Group
The "Mujeres Formales" group is comprised of Claire, Hortensia, and Jesús. The three are neighbors and live in the city center. They set up a business selling cosmetics and clothing, and also offer an alterations service. Claire, 47, is a single mother and finished her secondary
education. Hortensia, 59, has no commitments and so works full time in the business. Jesús is married and her husband is a bricklayer who helps care for their son. The business is important for these three women and they dream about expanding and strengthening it. Therefore, they are requesting a loan from Kiva to buy cosmetics, clothing and raw materials. This will allow them to offer more products to their customers as well as a better alterations service. Their goal is to have their own shop so they can increase their income and have a better quality of life.
Él grupo de Mujeres Formales, está compuesto por Claire, Hortensia, y Jesús. Las tres son vecinas y viven en el centro de la ciudad. Formaron un negocio de venta de cosméticos y ropa y tienen servicio de modistas. Claire es madre soltera de un hijo, tiene 47 años, y termino sus estudios secundarios. Hortensia tiene 59 años y no tiene ningún compromiso por lo tanto se dedica 100% al negocio. Jesús está casado con su esposo que trabaja como albañil y le ayuda a criar a su hijo. Para las tres mujeres su negocio es importante y sueñan con que crezca y se fortalezca. Por lo tanto, solicitan un crédito a Kiva para poder comprar más cosméticos, ropa y materia prima. De esta manera, podrán ofrecer mayor cantidad de productos a sus clientes y un mejor servicio de modistas. Ellas sueñan con poder tener un local propio para mejorar sus ingresos y tener una mejor calidad de vida
About Fundación AlternativaFundación Alternativa encourages entrepreneurship and provides sustainable financial and non-financial services that promote social and economic development in Ecuador. The organization focuses on serving poor and excluded populations through analysis of clients' living conditions and by providing business training and other support services in urban, rural and marginalized parts of the country.
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