El Control (Cuenca) Group
One of the members of this group is Señora Jessica. This is her third loan with the El Control loan group. She likes this kind of loan because of the unity and solidarity of all of the group members, and because little by little, their economic activities grow.
Jessica is a single mother to two beautiful children aged four and two. Her eldest child has just started school. They live in a rented house.
Jessica makes a living in various activities. She sells seasonal fruits in the market from Mondays to Saturdays, with no fixed hours. She has had this business for six years. At home in the evenings, she makes and sells fast food.
She will invest the money from this loan in buying fruit and provisions for her businesses. Her goal is to expand her businesses.
Una de las socias de este grupo es la Señora. Jessica, este es el tercer crédito que realiza en el grupo de crédito El Control, le gusta este tipo de crédito por la unión y solidaridad de todas sus compañeras y amigas del grupo, a la vez que poco a poco va creciendo en sus actividades económicas.
La Señora Jessica es madre soltera de 2 preciosos hijos de 4 y 2 años de edad, su primer hijo está en el inicial, la casa en la que vive es arrendada.
Doña Jessica se dedica a laborar en varias actividades, en el mercado vende frutas de temporada de lunes a sábados sin un horario fijo, tiene este negocio desde hace 6 años, por la noche en su casa se dedica a la elaboración y venta de comida rápida.
El dinero de su crédito va a invertir en la compra de frutas y víveres para sus negocios. Su meta es de incrementar sus negocios.
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