Las Malinches Group
To stock their store, group members Adelaida and Raquel will use their loan to purchase soap, sugar, beverages, oil, milk, etc. Herminia and Genoveva will purchase fertilizer and insecticide to fumigate and treat their orchards so that they produce more fruit. Anastacia will purchase peaches and avocados. Consuelo will purchase feed to raise her pigs.
Adelaida is 66 years old, and has 10 older children that are married and working; they are as follows: Ofelia who is 48 years old, Raquel who is 47 years old, Roberto who is 46 years old, Albertico who is 44 years old, Evelia who is 42 years old, Victoria who is 40 years old, Ismael who is 38 years old, Fidencio who is 36 years old, Delfina who is 34 years old, and Edgar who is 32 years old. She has a small grocery store and an avocado orchard. She is requesting a loan to stock her store by purchasing merchandise, such as soap, oil, beverages, juices, snacks, corn, eggs, toilet paper, sardines, tuna, diapers, candles, candies, bread, etc. She thought to start this business 8 years ago, after her daughter gave her money which she used to purchase merchandise for her store. She also has an avocado orchard. When it is time to work in the orchard, she hires a laborer to fertilize and cut fruit. Her business is important because it allows her to earn income to eat, pay for expenses, and for when she falls ill. She is very excited about this loan because it will allow her to stock her store so that it looks nice and so that she has merchandise to offer her clients. She wishes to be in good health and that her children are happy and well.
The group members would like to tell Kiva and Fundación Realidad that, “we are very grateful to you for supporting us so that we can grow our businesses.”
The Tétela del Volcán area is cool, and there are many peach, avocado, pear, wild cherry, hawthorn, plum, and cuajinicuil fruit trees.
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