Las Minas (Cuenca) Group
The group comprises of 10 women who live around La Parroquia del Valle situated in Cuenca. It is an area with cold climate and a hilly landscape with many tourist attractions to visit. Its people like our loan applicants mostly make a living in agriculture, animal breeding and trade. Many have also migrated to other countries or leave daily for the city of Cuenca to carry out different work there. The people are kind and gentle and fight every day to improve their quality of life.
One of the loan applicants of this group is Verónica, who is 19 years old and is in a civil union. As a result of this union she has received a child which is just six month old. Her partner works as a mason in the construction industry. They don’t have their own house and so they live with her mother-in-law and share the household expenses.
Currently, Verónica spends most of her time with her child and her family but she also breeds and sells hens and pigs, and plants vegetables to sell them in her community.
This is the first loan she is taking out with the communal bank. She will invest the loan in the purchase of chickens to start breeding these small animals because it is a good business.
Her goal is to build her own house.
Una de las socias de este grupo es la Señora. Verónica, tiene 19 años, vive en unión libre y fruto de esa unión ha concebido un hijo quien apenas se encuentra de 6 meses de edad. Su esposo labora en la rama de la construcción como albañil, no tienen casa propia por lo que viven en la casa de su suegra con quien comparte los gastos del hogar.
La Señora. Verónica por el momento le dedica la mayor parte de su tiempo a su hijo y a su familia, también cría y vende gallinas y cerdos, siembra hortalizas las mismas que las vende en su comunidad.
Este es su primer crédito que realiza en el banco comunal y lo va a invertir en la compra de pollos para iniciar con la cría de estos animalitos ya que es un buen negocio.
Su meta es construir su casa propia.
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