Los Sauces (Cuenca) Group
One of the members of this group is Martha. She is 23 years old, single, and lives independently. She does not own her own home but lives in a rental house.
Martha works as a private employee. She has been in this job for one year and she works from Sunday to Sunday, from 9.00am to 9.00pm. This is her first loan through her community bank, which she was invited to join by a friend. She will use her first loan to buy music CDs and videos so that she can set up a sales location and start a business. Her goal is to own her own home.
Una de las socias de este grupo es la Señorita. Martha, tiene 23 años de edad, es soletera y vive independiente, no tiene casa propia por lo que vive arrendando.
La Señorita. Martha labora como empleada privada, actividad que la desempeña hace un año y trabaja de domingo a domingo desde las 9 de la mañana hasta las 9 de la noche.
Este es su primer crédito que realiza en el banco comunal al cual fue invitada por una amiga. Con su primer crédito va a comprar CD de música y video para poner un local y comenzar con este negocio.
Su meta es tener su casa propia.
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