Las Vecinitas Group
Isabel is 62 years old and studied up to the sixth year of elementary school. She is divorced and has five grown-up children who are all married. She has a business selling fruit, vegetables, dried chilis, chicken by the kilo or by the piece, and green and red 'mole' sauce. She requested this loan to stock her business. She will buy vegetables, dried chilis, fruit, chicken, bananas, apples, oranges, tomatoes, potatoes, chilis, pumpkins and the supplies she needs to make red and green 'mole' sauce (the latter is made from 'pipian' squash). She started her business 30 years ago through necessity and owing to a lack of financial resources. She started out with just a little money and helped her husband to cover their expenses. She gradually grew her business. Isabel's business is important because it helps her to repay her loan and cover her food costs. She feels proud to know how to prepare the 'mole' sauce that her mother-in-law taught her how to make and she now prepares it with a lot of love and care for her customers who are housewives. This business helped her a lot when her children were young and she was able to get them ahead in life. Her business is popular owing to the flavor of her 'mole' sauce and because of the way in which she serves her customers with care and respect. The challenges that she faces in her business are the high costs of her 'mole' ingredients. Her dreams and hopes are to build some bedrooms and provide her children with the best in life so that they do not want for anything and so that they and their families are happy. The members of the group would like to say to Kiva and Fundacion Realidad "Thank you for your help and we hope that you will continue increasing the size of our loans so that we are able to grow our businesses and families".
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