Las Comadres Group
Blanca Estela is 50, and went to school as far as 4th semester of vocational high school. She lives in a common-law relationship with her husband, who is a farmer. They have two adult children who are already working and married. She has a business selling fried tacos, and a grocery store. She is applying for a loan to buy gas and lard to make fried tacos, as well as sugar, cooking oil, eggs, soap, toilet paper, soft drinks etc. to stock her grocery store.
She started her business 5 years ago because she needed financial resources. Her husband encouraged her, and taught her this business. With the income that they earned from their work, they bought ingredients and utensils for making fried tacos. She goes out to sell her products on Saturdays, and during the week she fills orders. She offers her customers fried tacos made with potatoes, requesón (similar to cottage or ricotta cheese), beef, or pork.
Her business is important as a source of family income. She's happy with her business, because thanks to it, the whole family eats well. She goes out and sells her tacos, and then has the money to buy food. She feels proud when her clients tell her that her tacos are delicious. The competition her business faces is that many ladies copy her, but only sell for a time and then stop. She is is planning to set up a location in the market to sell fried tacos. Her hope is to put a cement and tile floor in her house, and that all her family live well.
The members of the group want to tell Kiva and Fundación Realidad: "Thank you very much for your loans that get us out of difficulties and tight spots. Thanks to you, we can get ahead as long as the money is used for something productive.
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