Ojo De Agua Group
Janitzio's business is selling seasonal fruit. He says that he grows some of the fruit he sells himself and buys the rest in the wholesale food market in a nearby town. He says that he has been in this business for ten years, since he was very young. He used to help his parents sell in the markets and streets in different towns. Janitzio is requesting a loan to buy fruit such as peaches, avocados, blackberries, cauliflowers, lettuce, spinach, carrots, etc. He says that he will also buy manure and fertilizers because he has an avocado orchard with approximately 50 trees but only 30 are producing. One of the difficulties that he has is transporting his fruit because it costs a lot to pay somebody to do this. He would like to have his own vehicle and he is working hard so that he can buy a used truck. He would also like to continue sowing more avocado plants because this is a good business, and he would love to own cows, pigs and lambs so that he can guarantee his children's future.
Janitzio is married to Carolina who is a homemaker. They have two children who are 9 years old and 20 months old. The other five members of this group are Maribel, Adela, Felisa, Maria Ysabel and Miguel. They will invest their loans in buying catalog beauty products and seasonal fruit and vegetables to sell.
Los otros cinco integrantes del grupo se llaman Maribel, Adela, Felisa, Maria Ysabel, Miguel, ellos invertirán sus créditos en la compra de productos de belleza por catalogo para su venta y para la compra y venta de frutas y legumbres de temporada.
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