Baños (Cuenca) Group
One of the members of this group is Manuela, who is applying for her first loan along with her friends and fellow members of the Baños communal bank. She is the president of this group.
Manuela is 33 years old and married, with a 12-year-old son who is studying at a school in the city. Her husband makes a living selling food. They do not have their own home, so they rent one.
Manuela is originally from the province of Oro, and she has been living in Cuenca since she was 19. Along with her husband, she makes a living by preparing and selling food. They sell prepared seafood dishes, mainly ceviches with shrimp or clams. They work as street vendors, and they also have an establishment.
She will invest this loan in the purchase of ingredients to make her dishes, as well as new tableware.
Her goal is to have more branches.
Una de las socias de este grupo es la Señora. Manuela, está realizando su primer crédito a lado de sus amigas y compañeras del banco comunal Baños. Es la presidenta de este grupo.
La Señora. Manuela tiene 33 años, es casada y ha concebido un hijo de 12 años de edad que está estudiando en un colegio de la ciudad. Su esposo se dedica a la venta de comida, no tienen casa propia por lo que viven arrendando.
Doña Manuela es oriunda de la provincia del Oro y desde que tenía 19 años de edad vive en la ciudad de Cuenca, se dedica con su esposo a la preparación y venta de comida, venden platos preparados con mariscos principalmente ceviches de concha o camarón, trabajan ambulantemente y también cuentan con un local.
Su nuevo crédito lo va a invertir en la compra de víveres para la elaboración de sus platos y también en una nueva vajilla.
Su meta es tener más sucursales.
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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