Churonitas (Cuenca) Group
One of the group members is Blanca, who is 38 years old and is a single mother to her 8-year-old son, who is studying at a local school. Blanca and her son are currently renting the house where they live. In order to support her son and cover household expenses, Blanca runs a small convenience store where she works seven days a week. With the support from this loan, Blanca plans to purchase merchandise to stock her convenience store and offer a wider variety of products to her customers. Blanca's dream is to one day travel the world and see new places.
Una de las socias de este grupo es la Señora Blanca tiene 38 años de edad, está divorciada, en su unión conyugal ha concebido un hijo de 8 años que está estudiando en un colegio de la ciudad, la casa en la que vive es arrendada.
Doña Blanca pasa en casa al cuidado de su hijo, pero para solventar los gastos de la casa cuenta con su propio negocio, tiene una tienda de abarrotes en donde labora de domingo a domingo sin un horario fijo. El dinero de su crédito es para la compra de víveres para ampliar su negocio. Su sueño es viajar a diferentes lugares del mundo.
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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