San Pablo (Cuenca) Group
The members are fighters, hardworking women who work daily in different jobs that allow them to pay the household expenses to get ahead with their families. The loans they have received in the communal bank have allowed them to improve their quality of life because they invest the money in their businesses to keep growing.
One of the members of this group is Olga. She lives in the Narancay community in the city of Cuenca. She's 33 years old and a widow. From her marriage she has four children, ages 15, 13, 11, and 6. Her oldest child works and helps her financially. Her second child is at home and helps with the chores, and this year will start studying in a school via distance education. Her youngest two children go to school in town. The house she lives in with her family is the fruit of her labor.
Olga has worked for 15 years as a street vendor selling seasonal fruit in a market in the city. She works every day from 8 in the morning until 5 in the afternoon. At home she has the time to care for and sell her pigs, guinea pigs, and chickens. She also grows food on her land; her harvests are for the family and she sells what's left over.
She's going to invest her new loan in buying guinea pigs, chickens, pigs, and animal feed so she can continue to grow in this work.
Her goal is to have her own stall to sell her fruit.
Una de las socias de este grupo es la Señora. Olga, vive por la comunidad de Narancay en la ciudad de Cuenca, tiene 33 años, es viuda y en su unión conyugal ha concebido 4 hijos de 15, 13, 11 y 6 años de edad, su primer hijo trabaja y le ayuda económicamente, su segundo hijo pasa en casa ayudándole con los quehaceres del hogar y este año va a ingresar a estudiar en un colegio a distancia, sus dos últimos hijos estudian en una escuelita de la localidad. La casa en la que vive con su familia es fruto de su trabajo.
Doña Olga hace 15 años trabaja ambulantemente en un mercado de la ciudad vendiendo frutas de temporada, trabaja de domingo a domingo desde las 8 de la mañana hasta las 5 de la tarde, en casa se da el tiempo para cuidar y vender sus cerdos, cuyes y pollos, también siembra en sus terrenos y sus cosechas son para el consumo de su hogar y el sobrante lo vende.
Su nuevo crédito lo va a invertir en la compra de cuyes, pollos, cerdos y alimento para sus animales para seguir creciendo en esta actividad.
Su meta es tener un puesto propio para vender sus frutas.
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