Flor De Tulia Group
Francisca is 50 years old, married, and has three grown-up children (two daughters and one son). Her business is growing corn. She requested this loan to buy corn seed, fertilizer and herbicides, and to hire machinery for plowing her land and sowing her corn. She will also use part of her money to replace the engine in her truck. Her business is important because it earns her money. She is very proud to be a farmer and she enjoys working in the fields together with her husband and her daughter. She enjoys harvesting her corn, beans or tomatoes which she then sells. She tells us that this business enabled her to build her house and get ahead in life. Her business is popular because in this village everybody works the land, growing tomatoes. The challenge that Francisca faces in her business is the amount she receives for her crops. Sometimes they pay her very little. She uses the profits that she makes to cover her household expenses, to buy pigs and chickens.
Francisca's hopes and dreams are for her children to do well and live happily with their families. The members of this group are very grateful to Kiva and Fundación Realidad for the trust that is being placed in them by giving them these loans which are so good for growing their businesses and supporting their families.
las integrantes del grupo estan muy agradecidas con Kiva y Fundacion Realidad por la confianza al proporcionarles estos creditos tan buenos para crecer los negocios y las familias.
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