Corazón De Jesús (Cuenca) Group
Update on Corazón De Jesús (Cuenca) GroupThe “Corazón de Jesús” (Heart of Jesus) credit group consists of 11 women and one man who live around El Valle Parish in Cuenca, a place blessed with natural and architectonic beauty. This parish retains many myths and legends from their culture that are jealously guarded. Its climate is cold. Its residents, like all the members of this group, are hardworking people who strive daily to improve their families’ economic stability and this is how they are gradually attaining their families’ improvement.
One of the group members is María Gerardina. She’s been part of the Corazón de Jesús credit group for nine years and in all this time has managed to establish a strong bond of friendship with all the other members while at the same time has attained better economic stability for her family.
María Gerardina is 66-years-old and a widow but while she was married she had six children who are all married adults now living independently. She lives alone in a rented house.
She works doing tasks she learned from her parents. She’s been able to raise her children this way and to move her family forward. She raises cattle, pigs, chickens and guinea pigs. She uses milk she gets from her cattle to make cheese to sell. Also, she sells what she grows in the city markets.
The profits earned from her previous loan helped her cover many of her household expenses which is why she wants another loan to use to buy pigs, guinea pigs, chicks and animal feed to continue growing in her business which is her source of income. Her dream is to conserve her health so that she can stay in business.
Two members, a man and a woman, who were unable to be present when the group photo was taken, appear in the small photo.
Una de las socias de este grupo es la Señora. María Gerardina, forma parte del grupo de crédito Corazón de Jesús desde hace 9 años y en todo este tiempo ha llegada a tener una relación de muy buena amistad con todas sus compañeras, al mismo tiempo que ha logrado mejorar su estabilidad económica de su familia.
La Señora. María Gerardina tiene 66 años, es viuda pero en su vida conyugal ha concebido 6 hijos mayores de edad que están casados y viven independientes. Vive sola en una casa que es arrendada.
Ella se dedica a las tareas que aprendió de sus padres, las cuales le ha permitido sacar a sus hijos y familia adelante, cría ganado, cerdos, gallinas y cuyes, la leche que tiene de su ganado hace quesillo y los vende, también siembre y lo que cosecha vende en los mercados de la ciudad.
Las ganancias que obtuvo de su crédito anterior le ayudaron a solventar muchos gastos de su hogar, es por esto que quiere otro crédito para invertir en la compra de cerdos, cuyes, gallinas y alimento para animales para serguir creciendo en su negocio que es la fuente de sus ingresos.
Su sueño es conservar su salud para continuar con su negocio.
La foto pequeña es de un socio y una socia que no estuvieron presentes cuando se tomo la foto del grupo.
Previous Loan DetailsThe communal bank Corazón de Jesús (Heart of Jesus) is made up of 13 members, 12 women and one man. They work every day in different jobs that are the source of income for their homes. They are of noble heart, charismatic, and they still maintain the culture and traditions of their parents. They ... More from Corazón De Jesús (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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Success!! The loan was 100% repaid