Santa Martha (Cuenca) Group
They live in different places in the city of Cuenca, a place that is known for its architectural beauty. It was named a world heritage site in December 1999. The city is bathed by four rivers, and is colored by traditional clothing, which is the greatest pride of its people who keep the flame of its culture and traditions alive.
One of the members of this group is María Romelia. She is 30 years old and a single mother of a ten-year-old boy, who studies in a school in the city. She doesn’t have her own home, but is renting. She is a true professional in the beauty industry, because she’s studied this field. She likes this job very much, and has relied on her own business for 12 years. She works Monday to Friday without fixed hours.
María Romelia's loan is going to be invested in the purchase of hair dyes, gels, shampoos and more products for her work place. Her goal is to expand her beauty salon and to have different branches.
Una de las socias de este grupo es la Señora. María Romelia, tiene 30 años y es madre soltera de un hijo de 10 años de edad que estudia en una escuelita de la ciudad. No tiene casa propia por lo que vive arrendando.
Ella es toda una profesional en la rama de la belleza ya que estudio para realizar esta actividad, le gusta mucho este trabajo y cuenta con su propio negocio desde hace 12 años, trabaja de lunes a viernes sin un horario fijo.
Su crédito lo va a invertir en la compra de tientes, gel, shampoo y más productos para su gabinete.
Su meta es agrandar su gabinete de belleza y tener sucursales.
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