Las Flores (Cuenca) Group
The members of the communal bank strive every day to provide for their families and loans allow them to inject some capital into their businesses to help them grow. One of the members in this group is Gladys. She is 21 years old, married and has no children. Her husband works as a mechanic. They don't own a house and live in the house of a relative. Gladys works selling clothes and has done this for four years. She buys merchandise in other cities and sells it as a street vendor every day, without a fixed schedule. She also sells via catalog order. She will invest the money from the loan in the purchase of clothes. Her goal is to have a store in which to sell her merchandise.
The inset picture is from a member who could not be present for the group picture.
Una de las socias de este grupo es la Señora Gladys, tiene 21 años de edad, es casada y aun no tiene hijos, su esposo labora como mecánico, no tiene casa propia por lo que vive en casa de un familiar.
Doña Gladys se dedica al comercio, vende ropa desde hace cuatro años, su mercadería compra en otras ciudades y también vende ropa por catalogo, vende recorriendo la ciudad todos los días sin un horario figo. Su crédito va a invertir en la compra ropa. Su meta es tener un almacén para vender su mercadería.
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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