El Rincon Group
María Petra is 33 years old and stayed in school through her 3rd year of middle school. She is a single mother or 2 boys, ages 12 and 13, who both attend middle school. She owns a food counter, selling soups, stews, dobladas, rice tacos, tortas, pozole,and tamales. She is requesting this loan to buy bottled water, soft drinks, vegetables, meats, oil, and rice. She started her business 3 years ago in response to popular demand from her customers, as the area alongside her house was already highly-trafficked due to the presence of a spiritual healer where many people go for consultations. She started with a loan that her customers gave her and her business is important because it generates income that goes to the food and school expenses of her boys.
She enjoys cooking, is efficient and friendly with her customers so that they will want to come back again for more. She feels proud for getting ahead as a single mother and that her business is popular for the flavorful food, dobladitas and picaditas. She is planning to expand her business by putting up a roof and adding small tables so that it will be a more pleasant place and thinks she manage to do so with her portion of this loan. Her hopes and dreams are to stay in good health, put a roof over her locale and grow her business.
The group members would like to relay the following to Kiva and the Fundación Realidad [Kiva field partner]: "Thank you for giving us the opportunity to keep growing our businesses and have better opportunities to improve our families' lives. Thank you."
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