1 De Mayo (Cuenca) Group
One of the members of this group is María Elvia. She is thirty-three years old and is a single mother of two children, ages 17 and 11. Her first son works and helps her economically. Her second daughter is studying in a small school in town. She does not have her own house; she rents.
María Eliva works by selling vegetables door-to-door. She also makes a living in raising animals, like laying hens, guinea pigs, chickens, and cattle. She sells her animals in her parish area or in the city.
She will invest her new loan in chickens so that she can grow her business, and also in food for her animals.
Her dream is to have her own house.
Una de las socias de este grupo es la Señora. María Elvia, tiene 33 años, es madre soltera de 2 hijos de 17 y 11 años de edad, su primer hijo trabaja y le ayuda económicamente, su segunda hija está estudiando en una escuelita de la localidad. No tiene una casa propia por lo que vive arrendando.
Doña María Elvia trabaja como vendedora ambulante de hortalizas y verduras, también se dedica a la crianza de animales como gallinas de postura, cuyes, pollos y ganado sus animales los vende en su parroquia o en la ciudad.
Su nuevo crédito va a invertir en pollos para crecer en este negocio y también en alimento para sus animales.
Su sueño 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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