Santa Mónica Group
María de Jesús, 48, is one of the group members. She lives in a free union and has just one son who is already married. María’s husband is a watchman and recently lost his job which forced María de Jesús to start selling tamales to help cover household expenses. María has done quite well with her tamale sales business and expects to use the loan to buy another tricycle cart so that her husband can help her sell tamales in the neighborhoods near her house. In the long run, María de Jesús hopes to make her business grow enough so that she can hire employees and retire.
María de Jesús es una de las integrantes del grupo, tiene 48 años, vive en unión libre, y solo tiene 1 hijo que ya está casado. El esposo de María es vigilante y recientemente se quedó sin trabajo, hecho que obligó a María de Jesús a vender tamales para apoyar con los gastos del hogar. A María le ha ido bastante bien con su negocio de ventas de tamales y con su crédito espera comprar un triciclo más para que su esposo le ayude a vender tamales en las colonias cerca de su casa. A largo plazo, María de Jesús espera poder hacer crecer su negocio lo suficiente para contratar algunos empleados y así poder retirarse.
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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