Las Conchitas Group
Several of this group's members will invest their loan money in commercial activities: Francisca (a small store), Maria (a corn mill), Valentina (a store) and Maricela (selling shoes through a catalog). The rest of the ladies, Maria Eleuteria, Maria Irene, Maria Modesta, Rosa Felipa and Maria Guadalupe, will invest their loan money in buying corn mills since milling corn is an activity which is very much in demand. Everybody grows corn and, in order to give it to their animals as feed, they need to mill it. There aren't mills to do this.
This group's representative is called Ana Luisa. She raises chickens to sell and she tells us the following about her business: "My business is raising chickens and sometimes turkeys. I would like to invest in buying chickens and also build a chicken coop so that they have somewhere to sleep and protect themselves from the weather. One problem that I have had with my animals is that, because I don't have anywhere to keep them, they disappear and then I can't find them and I lose them. I also have to vaccinate them so that they don't get flu. This loan will be very helpful to me because I have a son who is in elementary school and I will be able to help him by paying for some of the stationery supplies that he needs. My goal is to build my own home because I live with my partner in my mom's house. I am not married but I have a common-law marriage. My partner is a construction worker. First I would like to save up and buy a plot of land and then build. My business is important because it means I can start to earn, even if it's just a little bit of money, and start saving".
Note: Maria C. García appears in the photo but you cannot make out her face. This is why she has been marked down as if she wasn't there.
***La señora Maria C. García aparece en la foto, pero no se alcanza a percibir su rostro, es por esto que se marca como si no estuviera***
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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