Las Vecinas (Cuenca) Group
One of the members is Mrs. Margarita, age 51. She is divorced, but has three grown children from her marriage. Two are married and live independently, and her single son works and helps with the household expenses. They inherited the house they live in. Margarita runs a store. She works Sunday to Sunday without a fixed schedule. Her work is her passion. The money from the loan will be invested in the purchase of supplies for her store to expand her merchandise. Her goal is to expand her business.
The inset photo is of a member who could not be present when the group picture was taken.
Una de las socias de este grupo es la Señora. Margarita tiene 51 años de edad, está divorciada pero en su unión conyugal ha concebido 3 hijos mayores de edad, dos de ellos son casados y viven independientes, su hijo soltero trabaja y ayuda con los gastos de la casa, la casa en la que vive es de herederos.
Doña Margarita se dedica a la atención de su tienda, trabaja de domingo a domingo sin un horario fijo, este trabajo es su pasión.
El dinero de su crédito va a invertir en la compra de víveres para su tienda y así aumentar su mercadería. Su meta es agrandar su negocio.
La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo.
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