Señoras Ivet and Adriana are going to purchase women's, men's and children's shoes with their loan. Señora Felicita will buy sheets, towels and bedspreads. Señora Vicenta will buy napkin rings, saucers, earthenware and ceramic vases. Señora Delia will buy blouses, trousers, skirts, underwear and uniforms. Señora Dominga will buy perfumes, lipsticks, deodorants, etc.
Señora Felicita is 35 years old. She lives in a common law marriage with her husband, and has two daughters aged 14 and 16 who attend school. The younger is in secondary school, and the older is studying for her baccalaureate.
Felicita sells bedspreads and sheets. She is requesting this loan to buy merchandise; bedspreads, towels, bed linens, curtains, blankets and pillows to stock up her business. She began this business six years ago, and made purchases little by little as she got more orders. Her business is important because she knows many people; she is proud when she has a lot of merchandise to offer for sale to her customers and they buy her products.
She uses her earnings to invest in merchandise. Her dreams and hopes are to continue with her business and keep it well-stocked, so that her daughters can get ahead in life and their studies.
The members of the group want to say to Kiva and Fundación Realidad, "We are grateful to you for your trust in us, and for the support that you give us in making our dreams become reality"
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