5 De Mayo Group
Victorina is 22 years old and lives in common law relationship with her husband. They have two children: Milton, 6, and Tony, 1. She asked for her loan to buy plastic items: drums, cans and jugs to sell. She started the business 7 years ago; it was an inheritance from her in-laws. They taught her the business. Her husband goes out to adjacent towns to sell the items to the people in the countryside. Her business is important because that’s where she gets what she needs to feed and clothe her children. She is proud that her customers, who are the country folk, prefer her and she enjoys going out to get to know other towns.
Ocuituco is a pretty town. It has a mild climate, much vegetation and fruit trees. Avocadoes are abundant. The 25th of July is celebrated as St. James the Apostle Feast Day. Masses are celebrated and there are fireworks displays.
She hopes to have her own house and to enlarge the business to be able to provide her children with better quality of life.
The group members would like to say to Kiva and to Fundación Realidad: “We thank you for your support and for the trust you’ve place in us and keep helping other people.”
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