Bonanza (Cuenca) Group
One of the members of this group is Mercy. She lives downtown in the city of Cuenca, she is 44 years old and married. In her conjugal union she conceived 2 sons of 19 and 9 years old. Her first born attends university and her second son attends a small school in the city. Her husband works as a private employee. They do not own their home and thus they live in the home of a family member.
Mercy is an entrepreneurial woman that wakes up early Mondays to Saturdays to make a living in the preparation of snacks, an activity she has been carrying out for the last 7 years and for which she has a steady customer base. She also works looking after her shop Sunday to Sunday without set hours.
She is going to invest her loan in the purchase of a freezer for her store.
Her goal is to build her house in a lot that she owns.
Una de las socias de este grupo es la Señora. Mercy, vive en el centro de la ciudad de Cuenca, tiene 44 años de edad, está casada y en su unión conyugal ha concebido 2 hijos de 19 y 9 años de edad, su primer hijo cursa los estudios universitarios y su segundo hijo está en una escuelita de la ciudad. Su esposo labora como empleado privado, no tienen casa propia por lo que viven en casa de un familiar.
Doña Mercy es una mujer emprendedora que de lunes a sábados se levanta temprano para dedicarse a la preparación de refrigerios, actividad que la desempeña hace 7 años y cuenta con su clientela fija, también labora en la atención de su tienda en la que trabaja de domingo a domingo sin un horario fijo.
Su crédito lo va a invertir en la compra de un congelador para su tienda.
Su meta es construir su casa en un terreno que es de su propiedad.
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