Arco Iris (Cuenca) Group
One of the members of this group is Perla, who is 31 years of age, married, and has two children aged 12 and 8. Her husband is a teacher, and they own their own home. Perla sells sandals and costume jewelry, which she sells only on the days of the outdoor market, spending the rest of her time with her children.
This is Perla’s second loan through this communal bank, as previously she was a member of another group. She is going to use the loan to buy sandals and costume jewelry in order to increase her products. Her goal is to continue growing her business.
Una de las socias de este grupo es la Señora. Perla, tiene 31 años, es casada y en su unión conyugal ha concebido 2 hijos de 12 y 8 años de edad. Su esposo es profesor, la casa en la que vive es de su propiedad.
La Señora. Perla es comerciante, se dedica a la venta de sandalias y bisutería, vende solo los días de feria, y el resto de su tempo lo dedica a sus hijos.
Este es el segundo crédito que realiza en el banco comunal ya que anterior mente era socia en otro grupo. Su crédito lo va a invertir compra de sandalias y bisutería para aumentar sus productos.
Su meta es de seguir creciendo en su negocio.
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