Por Un Futuro Mejor (Paute) Group
Update on Por Un Futuro Mejor (Paute) GroupThe communal bank Por un Futuro Mejor (For a Better Future) is formed by 8 members, who have a great friendship among themselves. They work in different businesses that allow them to pay the household expenses and raise their families. They are hard-working women, happy and charismatic. They are characterized by still maintaining the culture and traditions of their towns. They live in the outskirts of the Paute canton, which has a wide range of typical gastronomy. Its Sunday fairs are full of color because of the clothing of its people. It has a great production of fruit and also has a production of flowers that makes this canton a true garden. Roses of the highest quality are grown for export.
One of the members of this group is Señora Marcia. She has been an active member of the communal bank Por un Futuro Mejor for three and a half years. She is a happy, charismatic women who tells us that she likes the communal bank because of the camaraderie that exists among all the members, since in every meeting they strength their ties of friendship.
Señora Marcia is 24 years old. She is married and from her marriage has a 7-year-old son who attends a little local school. Her husband's profession is driving, and his work is driving a bus. The house in which they live is their own.
She comments that at the present time she is enjoying good health, as are all members of her family, for which she is very thankful to God.
Señora Marcia works hard in her own business, which is a beauty shop. She has had her business for 5 years. She works in this business because she likes it a lot and because she studied for it. Now it is also her source of income to get ahead with her whole family and to offer her son a better future.
She invested her previous loan in buying dyes and other products. Her new loan is going to be invested in buying scissors, gel, dyes, and some new furniture for her shop. She had no difficulty paying off her previous loan. She likes the communal bank because of the unity of her group.
The group photo was taken in Señora Marcia's shop.
Una de las socias de este grupo es la Señora. Marcia, es una socia activa del banco comunal Por un Futuro Mejor hace tres años y medio, es una mujer alegre, carismática que nos comenta que la banca comunal le gusta por el compañerismo que existe entre todas las socias ya que en cada reunión afianzan sus lasos de amistad.
La señora Marcia, tiene 24 años, es casada y en su unión conyugal ha concebido un hijo de 7 años de edad que estudia en una escuelita de la localidad. Su esposo es de profesión chofer y labora conduciendo un bus, la casa en la que vive es de propiedad.
Ella comenta que se por el momento está gozando de muy buena salud al igual que todos los miembros de su familia por lo que está muy agradecida con Dios.
La Señora Marcia labora arduamente en su propio negocio el cual es un gabinete de belleza, tiene su negocio hace 5 años, se dedica a esta actividad porque le gusta mucho y para eso ha estudiado, ahora también es su fuente de ingresos para salir adelante con toda su familia y entregarle a su hijo un mejor porvenir.
Su crédito anterior lo ha invertido comprando tintes y más productos, su nuevo crédito va ha ser invertido comprando tijeras, gel, tintes y unos muebles para su local, en la cancelación de su crédito anterior no ha tenido ninguna dificultad. La banca comunal le gusta por la unión de su grupo.
La foto del grupo está tomada en el gabinete de la señora Marcia.
Previous Loan DetailsThe Por un Futuro Mejor [For a Better Future] communal bank is made up of 8 members. They live in different places in the Paute canton, which is located in the north-eastern sector of the Azuay province, 42 km from the city of Cuenca. Its population is one of the most hardworking and enterprising... More from Por Un Futuro Mejor (Paute) 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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