Las Vecinas (Cuenca) Group
One of the members of the group is Mrs. Mercedes. She is 40 years old and married. Her husband is an auto mechanic and has his own workshop. They live in their own house.
She has been a domestic employee for three years, working Tuesday through Saturday, all day. In her free time she sells different brands of cosmetics.
This is her first loan through the communal bank which she was invited to join by a friend of hers. She plans to use the loan to buy perfumes, creams and cosmetics so she will have more variety to offer customers.
Her goal is to have her own business, something like a bazaar.
Una de las socias de este grupo es la Señora. Mercedes, tiene 40 años y es casada. Su esposo es de profesión mecánico automotriz y labora en su propio taller, la casa en la que vive es de su propiedad.
Ella labora como empleada privada hace 3 años y trabaja de martes a sábados todo el día, en sus tiempos libres se dedica a la venta de cosméticos de varias marcas.
Este es su primer crédito que realiza en el banco comunal al cual fue invitada por una amiga, su primer crédito lo va a invertir en la compra de perfumes, cremas y cosméticos para tener más variedad para sus clientes.
Su meta es tener un negocio propio como un bazar.
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