Zhidmad (Cuenca) Group
Update on Zhidmad (Cuenca) GroupZhidmad is a communal bank that is made up of 8 women who are fiends and neighbors in the same community. They live in the Zhidmad parish in Cuenca. It is surrounded by a lot of vegetation and there you can appreciate and enjoy peace outside the city. Its people, like all of the members of this communal bank, keep the flame of their culture and traditions alive. They do work like raising animals, farming and also work as merchants. Some of them go to the city every day to do different economic activities. All of these women have something in common, and that is the wish to get ahead.
All of the members of this communal bank are taking out loans again because they were able to make good earnings with the previous loans,. They were able to improve their economic situation and had no problem with the payments and made them on time.
One of the members of this group is Luz Marlene. She is 22, married and has a 3 year old daughter. Her husband works every day in construction as a bricklayer. They do not own their own home and live in her grandmother's house. They share household expenses with her and keep her company.
Luz Marlene takes care of her home, and since she lives in the country, she raises cattle and sells their milk. She also raises pigs, chickens and guinea pigs. She also farms and what she produces is just for household consumption.
She will invest the new loan in buying chickens and feed for all of her animals.
Her goal is to build her own home.
Todas las socias de este banco comunal están repitiendo sus créditos ya que con los créditos anteriores obtuvieron muy buenas ganancias con las cuales pudieron mejorar su situación económica, en los pagos no tuvieron ningún problema ya que los realizaron en las fechas indicadas.
Una de las socias de este grupo es la Señora. Luz Marlene, tiene 22 años de edad, es casada y ha concebido una hija de 3 años de edad. Su esposo labora diariamente en el área de la construcción como albañil, no tienen casa propia por lo que viven en la casa de su abuelita con quien comparte los gastos del hogar y a su vez le hace compañía.
La Señora Luz Marlene se dedica a los quehaceres de su hogar y como vive por el campo se dedica a la crianza de ganado del cual vende la leche. También cría cerdos, pollos y cuyes, trabaja en la agricultura y lo que produce es solo para el consumo de su hogar.
Su nuevo crédito lo va a invertir en la compra de pollos y alimento para todos sus animales.
Su meta es construir su casa propia.
Previous Loan DetailsThe 'Zhidmad' community bank has eight members who all live in Zhidmad parish, Cuenca. This city is surrounded by mountains which give it a picturesque setting where people can enjoy nature. The locals maintain the traditions of their ancestors. Our members raise livestock and farm. They often… More from Zhidmad (Cuenca) Group's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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