El Aguacate (Cuenca) Group
One of the members of the group is Mercedes. She is taking out her sixth loan with her neighbors and friends from the El Aguacate group. She likes this kind of a loan because this way she grows her economic activity little by little and engages friendship with all of the other members.
Mercedes is 65 years old. She is a widow and has 5 grown children. Four of them are married and on their own. Her single son lives at home and helps her financially. The house she lives in is the result of her work.
Mercedes works in her store Sunday to Sunday with no set schedule. Since she lives in the country, she also farms and what she harvests she sells and uses for household consumption. She also raises geese, ducks, guinea pigs, pigs and cows.
She is going to invest in buying grocery items for her store and in animal feed. Her dream is to enlarge the store.
The small photo is of two women and a man who are members who couldn't be there when the group photo was taken.
Una de las socias de este grupo es la Señora. Mercedes, esta realizando su sexto crédito a lado de sus vecinas y amiga del grupo de crédito El aguacate, esta forma de créditos le gusta porque así va creciendo poco a poco en su actividad económica y afianza la amistad con todas sus compañeras.
La Señora Mercedes tiene 65 años, es viuda y tiene 5 hijos mayores de edad, cuatro de ellos son casados y viven independientes, su hijo soltero vive en su casa y le ayuda económicamente. La casa en la que vive es fruto de su trabajo.
Doña Mercedes se dedica a la atención de su tienda de domingo a domingo sin horario fijo, como vive en el campo también cultiva y lo que cosecha vende y es para el consumo de su casa, también cría gansos, patos, cuyes, cerdos, vacas.
Su crédito va a invertir en la compra de víveres para su tienda y en el alimento para sus animales.
Su sueño es agrandar su tienda.
La foto pequeña es de dos socias y un socio que pudieron estar presentes 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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