Nuevos Senderos (Cuenca) Group
One of the members in this group is Etelvina. She is making her first loan with the Nuevos Senderos communal bank. She was invited by a neighbor who has been a member for some time. She lives in the Narancay community in the city of Cuenca.
Etelvina is 44 years old, married and she has six children. Two children are studying at the university. They work and help her economically. One of her children is only studying at the university. Her three other children are young and study at a school in the city. Her husband works in the mining industry. The house where they live is their own.
Etelvina takes care of her family but two months ago, she started selling organic coffee which is very good for one’s health. Little by little, this business has gained more customers. At her house, she raises chickens and plants vegetables.
Her new loan will be invested in the purchase of coffee for her new business.
Her goal is to grow her business.
The small photo is of one of the members who could not be present when the group photo was taken.
Una de las socias de este grupo es la Señora. Etelvina, está realizando su primer crédito en el banco comunal Nuevos Senderos al cual fue invitada por una vecina quien ya es socia hace algún tiempo, vive por la comunidad de Narancay en la ciudad de Cuenca.
Doña Etelvina tiene 44 años, es casada y fruto de su unión conyugal ha concebido 6 hijos, dos estudian en la universidad, trabajan y le ayudan económicamente, uno de sus hijos solo se dedica a los estudios universitarios, sus tres últimos hijos son pequeños y estudian en una escuelita de la ciudad. Su esposo labora en la minería, la casa en la que viven es propia.
La Señora. Etelvina se dedica al cuidado de su familia, pero desde hace 2 meses vende café orgánico que es muy bueno para la salud, en este negocio poco a poco va obtenido mas clientela. En su casa se dedica a la cría de pollos y a sembrar hortalizas.
Su nuevo crédito lo va a invertir en la compra de café para su nuevo negocio.
Su meta crecer su negocio.
La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo.
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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