El Manguito Group
Alicia comments that the loan received from the institution has really helped all of the members. It gives them a means to work and contribute income to their families. It really helps now that the country’s economy is in crisis, and their husbands incomes do not cover the expenses of the children going to school.
They will use the loan they are asking for to make and buy products to sell like corn, wood, plastic bags, fresh meat, dried chilies to prepare mole, groceries, soft drinks, shipping charges for those who buy articles by catalog, rent for boats, and gasoline for those who sell fresh fish.
They hope that the Realidad Foundation will continue to offer financial services. They are dependent upon them to keep working and to have a business in the future that generates income and a better quality of life.
El recurso que solicitan del credito lo utilizarán para invertir en la elaboración y compra de productos para vender como son:compra de maíz, leña, bolsas de plastico, carne fresca, chiles seco para prepar mole, articulo de abarrotes, refrescos, pago de fletes de las personas que compran articulos por catalogo asi como renta de lanchas y compra de gasolina de las pesonas que venden pescado freco.
ellan tienen la esperanza de que Fundación Realidad continue brindandoles el servicio financiero ya que dependen de eso para que continuen trabajando y a futuro tener un negocio que le genere ingresos y mejorar su nivel de vida.
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