Huexca Santa Cruz Group
Maricela is 40 years old. She is married and has 3 children, 2 sons and 1 daughter. The two youngest are high school students. She sells sheep and is asking for a loan in order to buy sorghum and corn and corn-feed in order to nourish the sheep. She began her business 8 years ago, encouraged by her husband, beginning with the profit from the sell of sorghum.
Most people in this community work as livestock farmers, having sheep in the fields. The business is important because it provides income for food, to reinvest, and for parties for the children. She likes to see the sheep grow and she feels proud to see her children helping to nurture the sheep and putting them out to pasture in the afternoon.
Her hopes and dreams are that her business continues growing, and to build a little room as a bedroom for her daughter, and that her youngest children continue studying.
The members of the group send this message to Kiva and the Fundación Realidad, “thank them for the loans, for their confidence in us, and say that we will make the payments and we hope that they continue supporting us through our loans.”
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