La Churonita (Cuenca) Group
One of the members of this group is Mónica. She lives in the center of Cuenca and is taking out her first loan with the La Churonita communal bank. She was invited to join by a neighbor.
Mónica is 34 years old. She is separated from her husband but in her marriage she mad one daughter who is 16 and goes to high school in town. The house she lives in is her mother's, but she lives independently.
Mónica spends most of her time at home, but in order to get ahead and improve her financial stability, she works hard Sunday to Sunday with out a set schedule in her store. She has had this business for 8 years and right now it is going well for her.
She is going to invest her loan in buying grocery products to increase the amount of products she has in her store.
Her goal is to lean to drive and buy a vehicle.
Una de las socias de este grupo es la Señora. Mónica, vive por el centro de la ciudad de Cuenca, está realizando su primer crédito en el banco comunal La Churonita al cual fue invitada por una vecina.
La Señora Mónica tiene 34 añosa, está separada de su marido pero en su unión conyugal ha concebido una hija de 16 años que estudia en un colegio de la ciudad. La casa en la que vive es de su mamá pero vive independiente.
Doña Mónica pasa el mayor de su tiempo en su casa, pero para salir adelante y mejorar su estabilidad economía trabaja arduamente de domingo a domingo sin un horario fijo en su tienda, tiene este negocio desde hace 8 años y por el momento le va muy bien.
Su crédito lo va a invertir en la compra de víveres para incrementar mas de productos en su tienda.
Su meta es aprender a conducir y comprarse un vehículo.
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