Las Del Río ( Cuenca) Group
Update on Las Del Río ( Cuenca) GroupThe communal bank "Las del Rio" (The Women of the River) is made up of 8 women who fight each day to improve their families' financial stability. They are friendly, kind people who still maintain the culture and traditions of their villages. These women live on the outskirts of Jadan Parish in Cuenca. The parish enjoys a cold climate and green vegetation. The architecture is a mix of old-fashioned and modern.
One of the members of the communal bank is señora María Rosario. She is 42-years old, married and together with her husband had 10 children. One of her children is married and lives on his own, another works and helps the family financially, one goes to university, three are in secondary school, three are in primary school and the youngest is still at home. María Rosario's husband works as a day laborer. The house they live in is their own.
This member learned to work in the fields from her parents at a young age. It is now her way of life. Agriculture provides her income. In addition to plantings vegetables, María Rosario has a greenhouse for tomatoes. At the moment, it is working out well. She also earns a living raising animals like guinea pigs, pigs, chickens and cattle. Her work gives her the opportunity to be at home to take care of her family.
María Rosario is taking out another loan because she wants to keep investing in her business. The profit she earns is a great help in meeting her family's expenses. The money from this loan will be invested in the purchase of seeds and fertilizer for her greenhouse. María Rosario's goal is to help her children have decent careers.
The small photo above is of a member who couldn't be there when the group picture was taken.
Una de las socias de este grupo es la Señora. María Rosario, tiene 42 años, es casada y fruto de su unión ha concebido 10 hijos, uno de ellos es casado y vive independiente, uno de sus hijos trabaja y le ayuda económicamente, uno estudia en la universidad, tres están en el colegio, tres en la escuela y su último hijo aun pasa en casa. Su esposo labora como jornalero, la casa en la que viven es propia.
Nuestra socia desde muy joven se dedica a las tareas del campo, actividad que aprendió de sus padres y ahora es su método de vida, siendo la agricultura su fuente de ingresos ya que a más de sembrar hortalizas tiene un invernadero de tomates y le va bien por el momento, también se dedica a la crianza de animales como cuyes, cerdos, pollos y ganado, estas actividades le dan la oportunidad de pasar en casa al cuidado de su familia.
Ella está repitiendo el crédito porque quiere seguir invirtiendo en su negocio ya que la ganancia que le queda es de mucha ayuda para solventar los gastos de su familia. El dinero de este crédito va a invertir en la compra de semillas y abono para su invernadero. Su meta es que sus hijos sean buenos profesionales.
La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo.
Previous Loan DetailsThe “Las del Río” (The Ones from the River) group consists of 8 women who live around Jadan Parish in Cuenca, a place surrounded by beautiful scenery with an architecture that blends the ancient with the modern; its residents are very gracious and still retain the culture and traditions of their ... More from Las Del Río ( 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
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Nov 25, 2013
- Dec 20, 2013
- Currency Exchange Loss:
- Jun 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.