Las Comerciantes (Cuenca) Group
They live in different parts of the city of Cuenca; this city has a cold climate and its varying geography makes this a beautiful city. It’s been designated as a World Heritage Site since 1999 and its people maintain their culture and traditions.
Geranrdina is one of its members and this is her third loan through “Las Comerciantes.” She is 50 years old, married, and has two children, one of whom is married and on his own. Her youngest son is 13 years old and attends a local school. Her husband works as a private employee. They live in a rented house.
Gerardina is a merchant who has been selling clothing for 10 years, but only on days when there is a fair in town. She spends the rest of the time caring for the family at home.
She will use the money from this loan to buy clothing to increase the amount of merchandise. Her dream is to have a home of their own.
Una de las socias de este grupo es la Señora. Gerardina este es el tercer crédito que realiza en el banco comunal Las Comerciantes. Tiene 50 años de edad, es casada y en su unión conyugal ha concebido dos hijos, uno de sus hijos es casado y independiente, su segundo hijo que tiene 13 años estudia en un colegio de la ciudad. Su esposo labora como empleado privado, no tienen casa propia por lo que viven arrendando.
Doña Gerardina es comerciante, se dedica a la venta de ropa desde hace 10 años, vende solo los días que hay de feria en la ciudad, los demás días pasa en su casa y se dedica al cuidado de su familia.
Su crédito lo va a invertir en la compra de ropa para incrementar su mercadería.
Su sueño es tener una casa propia.
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