Buscando El Exito (Cuenca) Group
All are enterprising women who seek prosperity. They live in various parts of Cuenca, a city that has a cold climate. Its historic center is a mix of modern and colonial architecture, and it has a great variety of traditional cuisine that delights the palate. Its people still keep alive their culture and traditions.
One of the members of this group is Nancy. She is taking out her second loan as a member of the "Buscando el Éxito" communal bank. She lives in the Totoracocha area of the city Cuenca. She is 40 years old, married, and has three children, ages 16,14 and 5. Her first two children go to a school in the city, and her youngest child goes to preschool.
Her husband is a merchant, and the house where they live belongs to them. Nancy does her household chores and spends her time looking after the whole family.
To help with the household finances, she works knitting a great variety of items, such as scarves and sweaters. She learned this work on her own, as she had an aptitude for it. Now she sells to her friends and acquaintances. She is going to use the loan to buy yarn, so that she can continue this work.
Her goal is to have a restaurant.
Una de las socias de este grupo es la Señora. Nancy, se encuentra realizando el segundo crédito en el banco comunal Buscando el Éxito, vive por el sector de Totoracocha en la ciudad de Cuenca, tiene 40 años de edad, es casada y ha concebido 3 hijos de 16, 14 y 5 años de edad, sus dos primeros hijos estudian en un colegio de la ciudad y su último hijo estudia en la escuelita. Su esposo es comerciante, la casa en la que viven es de su propiedad.
Doña Nancy se dedica los quehaceres de su hogar y pasa al cuidado de toda su familia, para ayudar en la economía de su hogar trabaja tejiendo una gran variedad de productos como: bufandas y chompas, actividad que aprendió sola por habilidad, ahora vende a sus amigas y conocidas.
Su crédito lo va a invertir en la compra de hilos para continuar con esta actividad.
Su meta es tener un restaurante
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