Futuro De Vida (Cuenca) Group
Update on Futuro De Vida (Cuenca) Group"Futuro de Vida" [Future of Life] is a communal bank that is made up of six women and one man. They are all friends and neighbors, and have formed this group with the common purpose to move themselves and their families ahead and to improve their economic stability. They work in different jobs and hope to continue growing through them. They live in the city of Cuenca, a city that is full of beauty, both architectural and natural, and that is served by four rivers. It is the third most important economic city in the country, and its people still maintain their culture and traditions.
One of the group members is Livia. She has been part of the communal bank Futuro de Vida for some time. She likes the communal bank because at each meeting, she does not find herself with friends, but with part of her family. The loans have allowed her to improve her business and to improve the stability of her home.
Livia is thirty-nine years old and is separated from her husband. However, through that union, she has six children, ages 20, 18, 17, 14, 10, and 7. Her first daughter and third son study and work in order to help cover the expenses of the home. Her second daughter is married and lives independently. Her third daughter is still at home and helps with the household chores. Her two youngest children are studying it a small school in the city. The house in which she lives in the fruit of her work.
Livia is a hardworking woman and works two jobs. Her first job is cleaning houses and the second job is raising chickens, selling them live or butchered. She elected to take part in these economic activities because they allow her to help with the economic situation in her home, moving her family forward and offering her children a better future.
She invested her previous loan in the purchase of chickens, and she obtained very good profits. She is repeating the loan since she wants to buy more chickens, food for her animals, and some construction materials in order to enlarge the shed for the chickens.
The small photo is of a group member that could not be present when the photo was taken.
Una de las socias de este grupo es la Señora. Livia, hace algún tiempo forma parte del banco comunal Futuro de Vida, el banco comunal le gusta porque en cada reunión ya no se encuentra con sus amigas sino con una parte de su familia, los créditos le han permitido mejorar su negocio y mejorar la estabilidad de su hogar.
Doña Livia tiene 39 años, está separada de su esposo pero fruto de su unión conyugal ha concebido 6 hijos de 20, 18, 17, 14, 10 y 7 años de edad, su primera hija y tercer hijo estudian y trabajan para ayudar a solventar los gastos de la casa, su segunda hija es casada y vive independiente, su tercer hijo pasa en casa ayudando en los quehaceres del hogar y sus dos últimos hijos están estudiando en una escuelita de la ciudad. La casa en la que vive es fruto de su trabajo.
La Señora. Livia es una mujer muy trabajadora labora en dos actividades, la primera es el arreglo de casas y el segundo es la crianza de pollos, vendiendo estos animalitos en pie o pelados, estas actividades económicas las ha elegido ya que le permiten ayudar a la economía de su hogar, sacar adelante a su familia y ofrecerles un mejor futuro a sus hijos.
Su crédito anterior lo invirtió en la compra de pollos de los cuales obtuvo muy buenas ganancias. Ella está repitiendo el crédito ya que quiere comprar mas pollos, alimento para sus animales y materiales de construcción para ampliar su galpón de pollos.
La foto pequeña es de una socia que no pudo estar presente cuansdo se tomo la foto del grupo.
Previous Loan DetailsThe membership of the “Future of Life” communal bank consists of 7 women and 1 man. They live around Cuenca, a city with a cold climate. Its rugged geography offers beautiful vistas and since December 1999, it has been officially a part of the “Cultural Patrimony of Humanity.” Teh inhabitants are... More from Futuro De Vida (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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