Las Malinches Group
Ms. María Ricarda is 50 years old and married with four children: three men and one woman, all of whom are married and now working. She studied through the sixth grade of elementary school. She sells prepared food and requested her loan for the purchase of vegetables, meats, natural gas, oil, salt, cheese, cream and corn. She began her business 22 years ago selling food at the school. She purchased the utensils for preparing the food, the refrigerator and the blender by installments. Her business is located in her home. She offers her customers tamales, atole, tlacoyos, fried tacos, rice tacos, pozole, enchiladas and stews.
Her business is important because she has her own business and earns money to help with the family's expenses. Her business also allows her to share with her children when there is a need. She likes to prepare the food and, with a kind and friendly smile, serve her customers. She feels proud when the customers return for more food because they comment that it is delicious. Her business is well-known for the tamales and the fried tacos. The customers come and put in their orders for tamales and golden tacos. When there are large orders she hires two or three women who help her prepare the tamales. She uses the earnings to invest once again in the supplies for continuing to sell prepared food. She is planning to put a roof over her patio and buy chairs and tables so her business will look nicer. She plans to achieve her goal by working with enthusiasm and through the loans. Her dreams and hopes are to continue on in business and help her children.
The members of the group thank Kiva and the Fundación Realidad for their loans, and hope they will continue to help the people who need it so they can get ahead in their businesses.
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