Abejitas Trabajadoras Group
Elizabeth's business is selling juice and smoothies outside a school. She has been in this business for approximately seven years. She says that she and her husband started the business so that they could get their children ahead in life. They both used to have stable jobs but, unfortunately, the company made staff cuts and they had to open a business as they found themselves unemployed. Elizabeth also sells sweet treats which she buys in the city of Toluca as she receives them for a good price there. She supplies the stores in her town in a pickup truck. She is very happy to be receiving this loan from our financial institution because, with the loan, she will be able to buy a few more, different sweet treats and will be able to better supply her customers. She will also be able to better stock her juice and smoothie stall.
The goal that Eli, as she is known in her town, has is to set up a large candy store but first she would like to make some savings so that she can build premises and set up her store. Elizabeth belongs to a group called 'Abejitas Trabajadoras' (Hard-Working Little Bees). They requested a loan from Fundación Realidad to boost their businesses. The other members of the group are Gloria, Cristina, Rosa, Mariana, Jorge, María de Jesús, Adriana and Teresa. They will use their loans to invest in their businesses which include a sewing workshop, a furniture store, embroidering garments, a craft workshop, a bakery, a clothes store and selling Mexican snacks.
Las otras integrantes del grupo se llaman Gloria, Cristina, Rosa, Mariana, Jorge, Maria de Jesús, Adriana, Teresa ellos usaran sus créditos para invertirlos en sus negocios como en un taller de costura, mueblería, bordado de prendas artesanales, taller de manualidades, panadería, tienda de ropa y antojitos mexicanos.
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