San Miguel Group
Señora Roberta is the representative of the group. She is 50 years old and is married, with three children: Luis Enrique is 10 years old and is in primary school; Arseño, who is 20, left for the United States to work; Nayely, who is 17, is not in school but helps her mother tend the store. Señora Roberta has a grocery store and is applying for the loan to stock her store. She is going to buy sugar, soap, bleach, soft drinks, Sabritas chips, Bimbo bread, crackers, Barcel snacks, rice, sugar, milk, toilet paper, purified water, beans, and disposable plates and glasses. She began her business 10 years ago with money they had saved. Her husband went to the United States to work, and later she also went to the United States to work in a laundry. She was there for two and a half years and her husband for three years. She sent money to her mother and she kept it in the bank. Her husband also saved and sent money to his brother, who kept what he sent in the bank. When they came back, her mother and her husband's brother turned over the money they had saved and then they bought land, built their house, and stocked her store. Señora Roberta also has a pottery business. She makes casseroles and pots of different sizes. She makes jars on the Day of the Dead. She and her husband work in the pottery business and their daughter works in the store. Atlacahualoya is a town where her children like to live. Her mother and her brothers came there to work in the fields and stayed there to live, and since her mother was taking care of their children, they didn't want to go back to San Marcos and stayed in Atlacahualoya to live. They like it because it is peaceful. They plant onions and green calabashes. They celebrate the fiesta of San Miguel on the 29th of September. There are fairs, first communions, dances, and bullfights. Her business has helped her family to have money for the school expenses of their son. The improvements that she wants to make on her house are to fix it up and put on tiles. Her plans and hopes are that her children will do something more. She is going to leave her house to them, if they want to continue living there, they will see.
The members of the group want to tell Kiva and the Fundación Realidad "We give them thanks for their loans and for continuing to lend to us. We hope we don't make a bad impression. We thank them very much because they are helping us to grow in our businesses."
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