12 De Abril (Cuenca) Group
One of the members of this group is Encarnación. She is a founding member of the 'Sociedad 12 de Abril' loan group, and is very good friends with all of the group members, with whom she shares the responsibility for various group activities. She lives in a beautiful area of the city of Cuenca.
Encarnación is 79 years old. She has nine adult children from her marriage, some of whom are already married and live independently. Her unmarried children work and help her financially. She doesn't have a house of her own and rents her home.
Encarnación makes a living by selling fruits and vegetables in her area. She works from 7 o'clock in the morning without a specific end time, as everything depends on the day's sales. She is going to invest the money from the loan in buying fruits and vegetables to stock her business. Her dream is to preserve her health and to keep growing in her business.
The small photo is of the three members who couldn't be present when the group photo was taken.
Una de las socias de este grupo es la Señora. Encarnación, es una socia fundadora del grupo de crédito Sociedad 12 de Abril, tiene una muy buena amistad con todas las socias con quienes comparte diferentes actividades dentro de este grupo, vive por un hermoso sector de la ciudad de Cuenca.
La Señora Encarnación tiene 79 años de edad, en su unión conyugal ha concebido 9 hijos mayoría de edad, algunos ya son casados y viven independiente, sus hijos solteros trabajan y le ayudan económicamente, no tiene casa propia y vive arrendando.
Doña Encarnación se dedica a la venta de frutas y hortalizas en su propio local, labora desde las 7 de la mañana sin un horario de salida ya que todo depende de las ventas del día.
El dinero de su crédito lo va a invertir en la compra de frutas y hortalizas para surtir su negocio.
Su sueño es de conservar su salud y seguir creciendo en su negocio.
La foto pequeña es de tres socias que no pudieron estar prresentes cuando se tomo la foto del grupo.
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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