Libertad En Progreso (Cuenca) Group
One of the members of this group is Señora Maria Alicia, who has been part of the communal bank "Liberty in Progress" for two years. Before, she lived in the Zhizho sector, but now she lives in the Los Trigales sector of the city of Cuenca. She is 44 years old. She is a widow, and from her marriage has a daughter of 13. She does not have her own house.
In order to be able to care for her home, Doña Maria Alicia has had a store in her house for 12 years. She works in it every day from 6 in the morning until 10 at night. She also works in agriculture, and she sells the greens and vegetables that she harvests in the city market. She has been doing this for 6 months, but only on holidays.
She is going to invest her new loan in the purchase of potato seeds to plant and also groceries for her store.
Her goal is to have a vehicle to take her products to the market.
The little photos are of two members who were not able to be present when the group photo was taken.
Una de las socias de este grupo es la Señora. María Alicia, forma parte del banco comunal Libertad en Progreso hace 2 años, antes vivía por el sector de Zhizho pero ahora vive por el sector de los Trigales en la ciudad de Cuenca, tiene 44 años, es viuda y en su unión conyugal ha concebido una hija de 13 años de edad, no tiene casa propia.
Doña María Alicia para poder estar al cuidado de su hogar tiene una tienda en su casa hace 12 años, en ella labora de domingo a domingo desde las 6 de la mañana hasta las 10 de la noche. También se dedica a la agricultura y lo que cosecha que son verduras y hortalizas las vende en un mercado de la ciudad, esto lo realiza desde hace 6 meses pero solo los días de feria.
Su nuevo crédito lo va a invertir en la compra de semillas de papas para sembrar y también víveres para su tienda.
Su meta es tener un vehículo para llevar sus productos al mercado.
Las fotos pequeñas son de dos socias que no pudieron estar presentes 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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