Nuevo Florecer (Cuenca) Group
One of the members is Ruth, 34. She is married and has two children ages nine and seven. Both her children study in the city's school. Her husband works in an office furniture factory. They don't have their own home so they live in her mother's house, but independently.
Ruth is a sewing professional, since she studied for this career. She works as a dressmaker from home, making all kinds of dresses. She has been in this business for three years and works Monday through Saturday without a fixed schedule.
She will invest her loan money into buying fabric, thread, scissors, and other sewing materials that she needs.
Her goal is to expander her workshop.
Una de las socias de este grupo es la Señora. Ruth, tiene 34 años de edad, está casada y fruto de esa unión conyugal ha concebido 2 hijos de 9 y 7 años que están estudiando en una escuelita de la ciudad. Su esposo labora en una fábrica de muebles de oficina, no tienen casa propia por lo que viven en casa de su madre pero independientes.
Doña Ruth es profesional en la rama de la costura ya que estudio para ello, labora desde su casa en la confección todo tipo de prendas de vestir, lleva 3 años con su negocio y trabaja de lunes a sábados sin un horario fijo.
El dinero de su crédito lo va a invertir en la compra de telas, hilos, tijeras y otros materiales de costura que le hacen falta.
Su meta es agrandar su taller.
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