San Pablo (Cuenca) Group
They are proud to still maintain their culture and traditions alive. They live around Cuenca, a city that enjoys natural beauty in which nature can be admired as well as the colonial that jealously safeguards the city’s history.
One of the group members is Lorena, 33. She’s married and has had two children who are 10 and 8 years old and attend the little local school. Her husband’s a driver and provides taxi service. They don’t own a house; they are renters.
For the last 20 years, Lorena has been making and selling food. She has a small stand she works in half-days from Monday to Saturday. She spends the rest of her time tending to her family and children.
She is going to use the loan to buy dinnerware and foodstuffs to continue in business. Her goal is to own a house.
Una de las socias de este grupo es la Señora. Lorena, tiene 33 años, es casada y fruto de su unión conyugal ha concebido 2 hijos de 10 y 8 años que estudian en una escuelita de la localidad. Su esposo es de profesión chofer y presta sus servicios como taxista, no tienen casa propia por lo que viven arrendando.
Doña Lorena desde hace 20 años se dedica a la preparación y venta de comida, ella tiene un pequeño local en el cual trabaja de lunes a sábados solo medio día y el resto de su tiempo lo dedica su familia e hijos.
Su crédito va a invertir en la compra de una vajilla y víveres para continuar en su negocio.
Su meta es tener su casa propia.
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