Trinidad is married to Jesús who also sells fruit. The couple have two children: 9-year-old Eduardo who is in elementary school and 18-year-old Mayra who is in high school. Trinidad says that she is requesting a loan so that she can rent an additional orchard which will make her a little more profit so that she can have a little more money saved up for dealing with any emergencies that her daughter or any other members of her family might experience. Trinidad's daughter Mayra has suffered from childhood-onset diabetes since she was 11 years old and she has to be alert because sometimes her blood sugar levels rise. She has to keep control of the situation, both in terms of what she eats and her medication, so that she doesn't fall ill because medicines are very expensive. Trinidad's goal is to own her own orchard. She would like to buy a large plot of land where she can grow a little of all the fruits that grow in her region.
The other five members of this group are Clementina, María Angélica, Clara and Estela. They will invest their loans in buying organic fertilizers and insecticides for their avocado orchards. They will also buy chickens and lambs.
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