1 De Mayo (Cuenca) Group
One of the members of this group is Norma. She invested in the communal bank 1 de Mayo, accepting the invitation from her sister-in-law who had been part of the group for some time. She is very young, only 23 years old. She is married and has a 3 year-old daughter. Her husband works daily as a private employee. She does not have her own house and lives with her in-laws with whom she shares the household expenses.
She is a professional seamstress. She learned this trade studying in an academy and now it is her way of life. She works from Monday to Friday from 8 in the morning to 5 in the afternoon doing all kinds of stitching. Also, in her home she raises guinea pigs.
Her loan will go towards investing in a down payment to buy herself a sewing machine.
Her goal is to have a larger seamstress shop.
Una de las socias de este grupo es la Sra. Norma, se encuentra ingresando al banco comunal 1 de Mayo, aceptando la invitación de su cuñada quien forma parte del grupo hace algún tiempo, es muy joven tiene 23 años de edad, es casada y fruto de su unión conyugal ha procreado una hija que tiene 3 años de edad, su esposo labora diariamente como empleado privado, no tiene casa propia y vive en casa de sus suegros con quienes comparte los gastos de la casa.
Ella es de profesión costurera aprendió esta actividad estudiando en una academia y ahora es su forma de vida, trabaja de lunes a viernes desde las 8 de la mañana hasta las 5 de la tarde realizando toda clase de costuras. También en su casa se dedica a la cría de cuyes.
Su crédito lo va a invertir para el pago de una cuota de entrada para comprarse una máquina de coser.
Su meta es tener un taller de costura más grande.
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