El Puente De La Amistad Group
Isabel is 58 years old, she studied until the third grade, and lives with her husband and they have 4 older children already working. They live in a very pretty little village with many hills. Many tourists visit in order to buy pottery.
She sells food and Mexican antojitos (street snacks). She began her business 10 years ago learning through work how to run an economical kitchen. She bought kitchen utensils little by little, such as saucers, chairs, pots, and dishes to make casseroles, and sauce pans with which to do her work with the income she was taking in. Her business is on a highway, 5 minutes walking distance from her home.
She offers her clients who are tourists dobladitas (quick bread, rolled into circles and folded into layers), picaditas (tortilla boats with various fillings) beef jerky, tlacoyas (oval shaped fried cakes made from masa), and beef stew.
She likes to give good customer service to her clients, giving them what they ask for. Her business is important because from her profits she pays some of the household expenses. She is also proud of her business because her work allows her to pay for her children’s schooling, right through high school.
She is very happy because with this loan she is going to paint the premises in order to make a better appearance and she will buy supplies in order to prepare the food and will continue in her business with the best beef stew, and she will keep on investing the income into the business. Her dreams and her hopes are to buy some land and to live well with her family.
All the members of this group are grateful to Kiva and the Fundacion Realidad for their help. “These loans allow us to improve and grow our businesses in order to improve the quality of life for our families.”
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