Piedras Blancas Group
Florinda and María Antelma are members who are going to buy seeds, fertilizer, and insecticides to cultivate corn.
María Nieves will buy toilet paper, soap, eggs, cheese, sugar, and soft drinks, etc.
Gloria will buy fishing nets.
Angélica is going to buy corn in bulk.
Leticia will buy fish by the kilo.
María Nieves is 43 years old and married. She has four children, and three of them go to school. One boy is in middle school, and the other attends the university. Her little daughter goes to elementary school. María Nieves has a grocery store. She requested her loan to buy ground cinnamon, baking powder, different types of chilies, sesame seeds, birdseed, carbonate, corn husks, bulk feed for raising chickens and pigs, soft drinks, soap, bleach, cleaning products, pine nuts, and toilet paper.
She started her business 25 years ago; it is an inheritance from her father-in-law. Her business is important because it is income for the family. She likes her business because she meets people, and she likes taking good care of her customers. Her children and her husband help her tend to the store.
She uses the income to pay for her children’s educational expenses, shoes, food, and her children’s uniforms. She is planning to stock her merchandise by purchasing by the case. She also plans to set up a shoe shop.
Her dreams and hopes are to set up a shoe shop, to remodel her house, and that her children finish their studies and get a good job.
The members of the group are grateful to Kiva and the Fundación Realidad for their help and interest in making their businesses grow.
Janeth works as a domestic employee, and her husband is a carpenter who works with aluminum. She needs the loan for the cost of moving dirt and starting to build a room in her house. It is also to buy sand, bricks, and cement. She lives in her own house in the Las Lomas zone in the city of La Paz. Janeth is married and has four children.
This is the second time that she wishes to have a Kiva loan.
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