La Guadalupita Group
Señora Josefina is 66 years old. She sells firewood, napkins, yarn and sweets. She is requesting her loan to buy firewood, napkins, yarn for weaving and sweets. She started her business three years ago, when she became widowed and lacked economic resources. Her son gave her $1,000, which she invested in sweets and jellies. Her business is in her home, and she also go to the plaza squares to sell her napkins and yarn for weaving. Her business is important, because she has work and it provides income so she can eat. She enjoys working as it is a distraction, and she is happy to be useful and to earn her own income. She is happy about this loan that she is going to receive, because it will be helping her to continue working in her business by keeping it well stocked.
Her dreams and hope are to put a roof on her house, and that God will keep her healthy and she won't get sick.
The members of the group give thanks to Kiva and to the Fundación Realidad for their help. Each one of the members will undertake the business in which they enjoy working.
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