Mrs Virginia Inez R. is the representative of the group. She is a single mother and has three children which financially depend on her since they are high school students. She works in the sale of sweets, it is convenient for her because the school is very close to her home and she feels that she can earn a good income. She dreams of her youngest son obtaining a professional career in addition to having a place to live. The loan will be invested in the purchase of fried items such as: fried potatoes, ingredients to make chicharron (cracklings), Salsa Bonatera (hot sauce), plastic bags, disposable plates, vegetable oil, and sweets. She notes that she know all the members of the group and that they are responsible people. They also are very grateful to the lenders from Kiva. The money from the loans through the Realidad Foundation gives them the opportunity to work and help support their families.
LA SEÑORA VIRGINIA INES R. ES LA REPRESENTANTE DEL GRUPO. ES MADRE SOLTERA TIENE TRES HIJOS DE LOS CUALES UNO DEPENDE ECONOMICAMENTE DE ELLA Y YA QUE ESTA ESTUDIANDO LA PREPARATORIA. ELLA TRABAJA VENDIENDO DULCES YA QUE PARA ELLA ES COMODO PORQUE LA ESCUELA SE ENCUENTRA MUY CERCA DE SU DOMICILIO Y SE SIENTE QUE PUEDE OBTENER BUENOS INGRESOS. ELLA SUEÑA CON QUE SU HIJO MENOR OBTENGA SU CARRERA PROFESIONAL ADEMAS DE DEJARLE UN LUGAR PARA VIVIR. EL DINERO DEL CREDITO LO INVIERTE EN LA COMPRA DE FRITURAS COMO SON:PAPAS FRITAS,INGREDIENTES PARA PREPARAR CHICHARRON, SALSA BONATERA, BOLSAS DE PLASTICO,PLATOS DESECHABLES, ACEITE VEGETAL, Y DULCES. COMENTA QUE CONOCE A TODAS LAS INTEGRANTES DEL GRUPO Y SON PERSONAS RESPONSABLES QUE ADEMAS ESTAN AGRADECIDAS CON LOS PRESTATARIOS DE KIVA PORQUE CON EL DINERO DEL CREDITO ATRAVEZ DE FUNDACION REALIDAD LES DA LA OPORTUNIDAD DE TRABAJAR Y APOYAR EN LA ECONOMIA DE SUS FAMILIAS.
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