Eugenio Espejo (Cuenca) Group
One of the bank members is Dolores. She was invited to join the Eugenio Espejo communal bank by a girlfriend and this is her first loan. She lives in the Miraflores sector of the city of Cuenca. She’s 58-years-old, married and has four children. Three of them are married and live independently and her single daughter works and helps her out economically. Her husband is abroad since he emigrated in search of better opportunities to move his family forward. She owns the house she lives in.
To help her husband with household expenses, Dolores works Monday through Saturday in a small restaurant she has. She’s been in business five years and has a select clientele. She will use the loan to buy table settings and ingredients to prepare her dishes. Her goal is to grow more in business.
Una de las socias de este grupo es la Señora Dolores, fue invitada por una amiga a formar parte del banco comunal Eugenio Espejo, este es su primer crédito. Vive por el sector de Miraflores en la ciudad de Cuenca, tiene 58 años de edad, es casada y fruto de su unión conyugal ha concebido 4 hijos quienes 3 de ellos son casados y viven independientes, su hija soltera trabaja y es quien le ayuda económicamente. Su esposo no se encuentra en el país ya que ha migrado en busca de mejores oportunidades para sacar adelante a su familia, la casa en la que vive es de su propiedad.
Doña Dolores para ayudar a su esposo con los gastos del hogar trabaja de lunes a sábados en un pequeño restaurante que tiene, esta actividad la desempeña hace 5 años y cuenta con una clientela selecta.
Su crédito lo va a invertir en la compra de vajillas y víveres para la preparación de sus platos.
Su meta es crecer más en su negocio.
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