Estrellitas (Cuenca) Group
One of the members of this group is María Margarita. She is taking out her second loan in the communal bank Estrellitas. She lives by a beautiful area of the city of Cuenca.
María Margarita is 62 years old, is married and she has conceived 5 children as fruit of this marriage who are now adults, 4 of them are married and live independently. Her unmarried son works and helps her economically. Her husband is a merchant. She doesn’t have her own home so she lives in the home of her son.
María Margarita has worked selling underwear and aprons for 25 years. She works in this business every day and she sells her merchandise throughout the city.
She is going to invest her new loan in the purchase of underwear to expand her business.
Her dream is to have no debts and to get ahead.
Una de las socias de este grupo es la Señora. María Margarita, se encuentra realizando su segundo crédito en el banco comunal Estrellitas, vive por un hermoso sector de la ciudad de Cuenca.
Doña María Margarita tiene 62 años, es casada y fruto de su unión conyugal ha concebido 5 hijos mayores de edad, 4 de ellos son casados y viven independientes, su hijo soltero trabaja y le ayuda económicamente. Su esposo es comerciante, no tiene casa propia por lo que vive en casa de su hijo.
La Señora. María Margarita desde hace 25 años se dedica a la venta de ropa interior y delantales, trabaja en este negocio todos los días, vende su mercadería recorriendo la ciudad.
Su nuevo crédito lo va a invertir en la compra de ropa interior para ampliar su negocio.
Su sueño es no tener deudas y salir adelante.
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