Dolores, who will use her loan to buy paper, pencils, notebooks, and bond paper.
Silvestra, who will buy chocolates and milk cream candy.
Erika, who will buy bras, panties, and t-shirts.
Guadalupe, who will buy bags of cosmetics and hair scruncies.
Virginia, who will buy herbs, packaging, droppers, and pomade containers in order to make syrup and pomades.
Dolores, age 42, is married, and her husband works in the fruit gardens. They have three children; two girls and a boy. The girls attend the university, and the boy is in high school.
She has a business selling stationery items. She requested her loan to buy pencils, pens, gift bags, stuffed animals, gift boxes, and novelty items. She started her business six years ago; her mother-in-law sold it to her. With the sale she continued stocking it. Her business is important because of the income she gets.
She likes attending to her customers, and she is proud when her customers tell her that they find the majority of items they are looking for. Her business is popular for being in the market and for the good treatment she gives her customers. She invests her earnings in the business, and she takes advantage of the income during the Día de Muertos or Christmas seasons.
Her hopes and dreams are for her children to complete their career studies.
The members of the group thank Kiva and the Fundación Realidad for the loans. “Thanks for helping us fulfill our dreams for out 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