Mujeres De Esperanza (Cuenca) Group
Update on Mujeres De Esperanza (Cuenca) GroupThe “Mujeres de Esperanza” (Women of Hope) credit group consists of six women who are friends and neighbors living in Baños Parish in Cuenca. This parish has several tourist sites, thermal water resorts and restaurants where the cuisine can be enjoyed; it also has beautiful scenic points from which to enjoy nature. Its people, like the group members, are hardworking people who work daily to improve their economic situation in order to provide a better future for their children.
One of the members of this group is Rosa Nieves who is taking out her fourth loan alongside her companions who form the Mujeres de Esperanza credit group. She’s 37-years-old, separated and mother of five children who are 19, 14, 12, 8 and 1 years of age. Her oldest son works and studies, her next two children attend a secondary school in the city and her next-to-last child attends the local little elementary school. She does not own a house; she’s a renter.
Rosa Nieves works making and selling frozen treats, an activity she’s been doing for the last five years. She makes frozen treats every day and sells them groin from market to market in the city; she also sells ‘espumillas’ [type of fruit meringue], cosmetics and also raises guinea pigs and chickens.
She used her previous loan to buy chicks and used profits earned to cover some of her household expensed. She will use her new loan to buy cosmetic, fruit, sugar, eggs and milk to make the espumillas and the frozen treats. Her goal is to have a house of her own.
Una de las socias de este grupo es la Señora. Rosa Nieves, se encuentra realizando su cuarto crédito a lado de todas sus compañeras que conforman el grupo de crédito Mujeres de Esperanza, tiene 37 años, está separada pero en su unión conyugal ha concebido 5 hijos de 19, 14, 12, 8 y 1 año de edad, su primer hijo estudia y trabaja, sus dos hijos siguientes estudian en un colegio de la ciudad, su penúltimo hijo estudia en una escuelita de la localidad. No tiene casa propia por lo que vive arrendando.
Doña Rosa Nieves se dedica a la elaboración y venta de helados, actividad que la viene desempeñando desde hace 5 años, todos los días elabora sus helados y los vende recorriendo los mercados de la ciudad, también vende espumillas, cosméticos y se dedica a la crianza de cuyes y gallinas.
Su crédito anterior lo invirtió en la compra de pollos, la ganancia que obtuvo le sirvió para cubrir muchos gastos de su hogar. Su nuevo crédito lo va a invertir en la compra de cosméticos, frutas, azúcar, huevos y leche para la elaboración de sus espumillas y helados.
Su meta es tener su casa propia.
Previous Loan DetailsMujeres de Esperanza (Women of Hope) is a group composed of 8 members who live in the outskirts of Baños en Cuenca, a hamlet greatly visited for its thermal waters, its typical gastronomy and its different tourist attractions. Its inhabitants are kind and gentle, and with a great charisma just like… More from Mujeres De Esperanza (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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