Mary, as her friends call her, has a stall where she sells fruit and vegetables. She says that she sells her fruit in different markets in the region and also in the State of Mexico where she has a stable sales location and where her husband helps her out. She stocks up with fruit in the wholesale food market in a nearby town. She would like to request a loan from our institution to buy guava, peaches, lettuce, green chilis, tomatoes, avocados, mandarins, oranges, etc. She says that she needs this loan as she doesn't have enough stock for her business and she would like to have a lot of fruit so that she can make good profits. She says that she will also use part of her loan to buy organic fertilizers and insecticides as she has 60 avocado trees and she would like to keep them in good health because the harsh frosts that have hit her community affected her, burning her trees. She would like to feed them so that she doesn't lose them completely. Mary says that one of her goals is to continue stocking her fruit and veg stall and grow her orchard as it is an inheritance that she can leave her children.
The other members of this group are called José, Jorge Luis and Agustina. They will use their loan to buy fruit and vegetables.
Platica doña Mary, como de cariño le dicen sus conocidos, que tiene un puesto de frutas y legumbres de temporada, dice que vende sus frutas en diferentes tianguis de la región y en el Estado de México donde ya tiene un puesto estable y donde su esposo le ayuda a cuidar el puesto, ella surte su fruta en la central de abastos de una población cercana a la de ella. Ella quiere pedir un crédito a la financiera para la compra de guayaba, durazno, lechuga, chiles verdes, jitomates, aguacates, mango, mandarina, naranja etc. Dice que el crédito le urge ya que no tiene surtido su negocio y ella quisiera tener mucha fruta para poder así tener buenas ganancias. Dice que también una parte del crédito lo destinara para la compra de abonos orgánicos e insecticidas ya que tiene 60 árboles de aguacate y quisiera seguir manteniéndolos en buen estado ya que por las fuertes heladas que han caído en su comunidad le afectaron quemando sus árboles y los quiere nutrir para que no se pierdan por completo. Platica que una de sus metas es seguir surtiendo su puesto de frutas y legumbres y hacer crecer su huerto ya que es la herencia que le puede dejar a sus menores hijos. Los otros tres integrantes del grupo se llaman José, Jorge Luis y Agustina ellos ocuparan su crédito para la compra de frutas y legumbres.
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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