Unión Progresista (Cuenca) Group
One of the members is Ruth. She is on her third loan with her friends and members of the Union Progresista group. She likes this group because all of the members are friends and they always share pleasant moments at their meetings. Ruth is 23 years old and is the single mother of a 4-year-old daughter who attends a local school. She doesn't have her own home, so she lives with her mother and shares the household expenses.
Ruth works from Monday to Friday as a domestic worker. At home, she raises chickens and guinea pigs. She also farms and her harvest is for her family but, if there is enough, she sells it. The money from this loan is to purchase chickens to raise in this business. Her goal is to increase the number of animals that she raises.
Una de las socias de este grupo es la Señora. Ruth, se encuentra en el tercer crédito que realiza a lado de sus amigas y compañeras del grupo de crédito Unión Progresista, le gusta esta forma de crédito porque todas son amigas y siempre están compartiendo gratos momentos en las reuniones.
La Señora. Ruth tiene 23 años de edad, es madre soltera de una niña de 4 años que está en una escuelita de la localidad, no tienen casa propia por lo que vive en casa de su madre con quien comparte los gastos del hogar.
Doña Ruth labora de lunes a viernes como empleada doméstica, en su casa se dedica a la cría de gallinas y cuyes, también cultiva y su cosecha es para su casa y si existe un sobrante lo vende.
El dinero de su crédito es para comprar pollos para crecer en este negocio. Su meta es aumentar la crianza de animales.
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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