Señora Gabriela Joaquina is 46 years old and is married. Her husband works in the fields and she has a son named Wilbert who is 26. She sells jellies in Jaloxtoc, which is about 10 minutes from Tlayecac. She uses public transport to reach the village where she sells the jellies, her sister helps her sell them. She uses a carrying case for the jellies because she has had surgery and cannot carry anything heavy. She is applying for the loan to buy raw materials and ingredients to produce the jellies; she will buy essences, cups, milk, a carrying case and a tricycle. She started her business 17 years ago to meet her financial needs and her son was young. Her uncle taught her how to make the jellies and her husband gave money to buy the raw ingredients. She started little by little and has grown and sold more jellies, she is well-known by her customers for her good taste.
Her business is important because she likes to make jellies and go out to sell them, and above all, it has helped defray the family expenses. She is proud of having her own business, and to be able to provide education for her child. Her business faces the challenges of high costs and hot weather. In hot weather, she has to make the sales more hastily because of the risk of the jellies melting. She applies part of her profits for food, part for reinvesting in the ingredients, and part for electricity and gas. Her hopes and dreams are to grow her business, so that the whole family can be in good health and she can put a roofing slab on her home. She is very happy that this loan will help her to buy the raw materials to keep on selling jellies.
The group members want to tell Kiva and Fundacion Realidad that "the ladies thank you for your loans, and thank you for caring for people with low incomes so that we can meet our needs and grow our businesses."
Tlayecac is a pretty village. There are fields where sorghum and corn are grown, there are hills, and one can raise animals for sale like goats, sheep, and cows.
Señora Teresa de Jesus is missing from the picture.
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