Los Cedritos Group
They have had a stand near the Zitácuaro bus terminal for the last 15 years. She sells her various crafts there. They started out selling in Mexico City but when street vending stalls were banned they decided to return home to sell their crafts. They have three children: Raquel who works and helps with household expenses, Esther, 15, who is in middle school and Elsi, 13, who is in elementary school.
Angelina comments that now, thanks be to God, she’s doing very well in her business but needs the loan to be able to invest and buy what they need to continue selling crafts like different colored paints to decorate them, clay, firewood, varnish, etc. The goal she has for her business is to ask the municipal government to rent her a space where she can sell her crafts because the space she currently uses to sell her items is very small and she wants to display more of her crafts.
The other six group members are: Araceli, Leticia, María Fernanda, Fernando, Anayeli, and Ana Velia. They will use the loan they are requesting to buy raw materials to make clay crafts and to buy fruit and vegetables to sell.
Los otros 6 integrantes se llaman Araceli, Leticia, Maria Fernanda, Fernando, Anayeli, Ana Velia ellos invertirán el préstamo que están solicitando para la compra de insumos para elaborar artesanías de barro y en la compra de frutas y verduras para su venta.
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