The loan group Tierra Fértil (Fertile Land) consists of eight women who live on the outskirts of the Valle parish in Cuenca, a place that is surrounded by much vegetation and green fields. It has a cold climate and a varied architecture. Its people are friendly and gracious; in spite of all the difficulties of daily living, they always have a smile.
One of the members of this group is Señora Blanca. She is 30 years old. She is the single mother of a 4-year-old girl, who goes to a little city school. She does not have her own house, and so she rents.
For two years Doña Blanca has tended her own store. She works every day of the week without a fixed schedule. In her shop, she has internet service, a variety store, and a stationery store.
Her new loan will be used to buy groceries and school supplies for her business. Her goal is to have her own house.
El grupo de crédito Tierra Fértil está formado por 8 mujeres quienes viven en por los alrededores de la parroquia del Valle en Cuenca, lugar que se encuentra rodeada mucha vegetación y verdes campos, tiene un clima frió, una arquitectura variada. Su gente es amable y gentil, a pesar de todas las dificultades del diario vivir siempre están con una sonrisa.
Una de las socias de este grupo es la Señora. Blanca, tiene 30 años de edad, es madre soltera de una niña de 4 años de edad que está estudiando en una escuelita de la ciudad, no tiene casa propia por lo que vive arrendando.
Doña Blanca desde hace 2 años se dedica a la atención de una tienda que es de su propiedad labora de domingo a domingo sin un horario fijo, en su local tiene servicio de internet, bazar y papelería.
Su nuevo crédito es para comprar víveres y útiles escolares para su negocio. Su meta es tener su casa propia.
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.