Cochapamba (Cuenca) Group
Update on Cochapamba (Cuenca) GroupThe Cochapamba credit group is made up of 11 women who live around the parish of El Valle in Cuenca. The place is surrounded by green fields thanks to the agriculture that its residents practice. They also raise animals and work as merchants. They maintain their cultures and traditions and their architecture is a mixture of old and new. The members have a common goal, which is to get ahead with their families and offer their children a better future. The loans help them grow their businesses little by little and they are proud of their achievements.
One of the members of the group is Tania. She is a friendly and kind member of the Cochapamba credit group and she likes the loan method because of the unity and solidarity between the members. She also likes the advice from the life experience of the older members. This helps her get ahead.
Tania is 22 years old. She is the single mother of a 3 year old child. She lives in her parents' house and shares the household expenses. Tania spends most of her time at home caring for her young daughter, but to contribute to the household budget she raises animals and farms. She really likes this activity because it allows her to be independent and also generate income for the home.
The money from the previous loan was invested in buying animals and the new loan will be to buy chickens and guinea pigs. This activity is going very well for her and she hopes to keep growing this business little by little.
Una de las socias de este grupo es la Señora. Tania, es una socia amable y gentil que forma parte del grupo de crédito Cochapamba, le gusta esta forma de créditos por la unión y solidaridad que existe entre las socias, así como también los consejos de las experiencias vividas por sus compañeras de mayor edad, esto le ayuda a su superación personal.
La Señorita Tania tiene 22 años de edad, es madre soltera de una niña de 3 años, vive en casa de sus padres y comparte los gastos del hogar.
Doña Tania pasa la mayor parte de su tiempo en casa al cuidado de su pequeña hija, pero para aportar a la economía de su casa se dedica a la crianza de animales y a la agricultura, le gusta mucha esta actividad porque le permite ser independiente y así también genera ingresos para su hogar.
El dinero de su crédito anterior lo ha invertido en la compra de animales al igual que su nuevo crédito va a ser para la compra de pollos y cuyes, le va muy bien en esta actividad y espera seguir creciendo poco a poco en este negocio.
Previous Loan DetailsThe loan group Cochapamba is composed of 9 women and 1 man who live in the area around the Valle parish in Cuenca, a place that has beautiful scenery for enjoying nature's warmth. Its people are friendly and polite, like the members who work every day to improve their households' financial situat... More from Cochapamba (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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