Petra belongs to the Grupo “Una Nueva Esperanza” (New Hope Group). She says the group was given this name because, thanks to the loans they have been granted by the institution, the life of each member has changed as they have been able to improve themselves. Doña Petra is a very hardworking woman of 68. She says she did not study because her parents did not have money to pay for her education, and also because they did not want her to study because they thought studying would have resulted in nothing good for her. She says that she then started working in the town of Zitacuaro, where a neighbor taught her how to bake bread, and from there she started her activity selling bread and tamales. Doña Petrita is well-known in her town, and she has been engaging in selling bread for more than 40 years. She says she sells her bread door to door, and that sometimes she receives orders. She is a widow and she lives alone. The loan she is requesting will be used to buy firewood and bags, flour, sugar, dough, eggs and milk to prepare bread. She aims at gaining more customers for her activity as well as making herself known in the big cities. She plans on saving the money she will earn, in order to buy wood and sheet steel to add a roof outside her house where to sell her bread. The other members of the group are Victoria (Mexican meals), Leticia C. (frozen food) and Maria Magdalena (general store).
La señora Petra pertenece al grupo “UNA NUEVA ESPERANZA” y dice que le pusieron ese nombre al grupo debido a que gracias a los préstamos que le otorga la financiera ellas tienen una nueva vida ya que así han podido superarse cada una de las integrantes. Doña Petra es una persona muy trabajadora tiene 68 años de edad, dice que ella ya no estudio porque sus papás no tenían recursos para apoyarla y porque ellos no querían que estudiara porque decían que eso no le iba a dejar nada bueno, entonces ella se puso a trabajar en la ciudad de Zitacuaro, después dice que una vecina le enseño a hacer pan y de ahí empezó con el negocio del pan de rancho y tamales. Doña Petrita como es conocida en su localidad tiene más de 40 años con el negocio del pan comenta que ella va a vender su pan por las casa y a vecés le hacen pedidos. Ella es viuda y vive sola, con el préstamo que esta solicitando comprara leña, harina, azúcar, pasta, bolsa, huevo, leche para la realización del pan. La meta que tiene para su negocio es hacerse de más clientes darse a conocer en los pueblos grandes. Con las ganancias que saque va a ahorrar para comprar madera y lamina para hacer un techo a fuera de su casa para vender su pan. Los demás integrantes del grupo son: Victoria (comida mexicana, Leticia C. (neveria) y Maria Magdalena (tienda de abarrotes)
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.