Family (Cuenca) Group
Update on Family (Cuenca) GroupThe Family communal bank is composed of 8 female members and one male member who live in different parts of the city of Cuenca. Because of its rugged geography, Cuenca is a city that has beautiful landscapes to enjoy and is a UN Cultural Heritage site as of December, 1999. It has various places to enjoy nature and to relax with your family. Its people are friendly, gentle and fighters who work every day to improve their economic situation and to obtain a better future with their families. Their pride is in continuing to maintain their culture and traditions.
One of the members of this group is Yoni who is seeking a successive loan with the communal family bank. She is a member that has a good sense of humor, is a fighter and a hard worker who can always be found seeking to better herself personally and her family. She told us that she is enjoying good health, as are all of the members of her family.
Yoni is 32 years old, is married, and the fruit of this marital union is two children who are 12 and 7 years old. Her oldest son studies in high school and her younger daughter is in a small school in the city. Her husband works as a private employee. They do not have their own home and because of this they rent.
Yoni works in different activities that allow her to pay for some of the household expenses. She works fixing up homes and also works selling clothes. These activities give her the time necessary to be able to care for her home.
She invested her previous loan in the purchase of clothes. The earnings that she obtained were very helpful for her family. She will also invest her new loan in the purchase of clothing to be able to continue growing this activity. The communal bank likes her for her comradery and the solidarity of the group.
Una de las socias de este grupo es la Señora. Yoni, se encuentra realizando un re préstamo con el banco comunal Family, es una socia que tienen un buen sentido del humor, es luchadora y trabajadora siempre se encuentra en la búsqueda de la superación personal y familiar, nos comenta que se encuentra gozando de muy buena salud al igual que todos los miembros de su familia.
La Señora. Yoni, tiene 32 años, es casada y fruto de su unión conyugal ha concebido 2 hijos de 12 y 7 años de edad, su primer hijo estudia en el colegio y su segunda hija está en una escuelita de la ciudad. Su esposo labora como empleado privado, no tienen casa propia por lo que vive arrendando.
Doña Yoni labora en diferentes actividades las que le permiten solventar algunos de los gastos de su hogar, se dedica al arreglo de casas y también labora en la venta de ropa, estas actividades le dan el tiempo necesario para poder cuidar de su casa.
Su crédito anterior lo ha invirtió en la compra de ropa, las ganancias que obtuvo fueron de mucha ayuda para su familia. Su nuevo crédito también lo va a invertir en la compra de ropa para seguir creciendo en esta actividad. La banca comunal le gusta por el compañerismo y la solidaridad del grupo.
Previous Loan DetailsThe Family communal bank is comprised of ten members who live in different places in the city of Cuenca. The city has a mountainous terrain and a cold climate. It is bathed by four rivers, and it is the third most financially important city in the country. It was named a World Heritage Site in... More from Family (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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