He has had an Internet café for 8 years and he says that he set it up because computers interested him so he enrolled in a computer school where he learned the basics and even though he did not finish the career he decided to start the business and learned because a friend taught him how to use and operate the Internet.
He is asking for the loan to buy paper, toner, discs, memories, folders and mechanical pencils to repair his computer equipment and to buy a new printer. He says that he buys his supplies in Mexico City since prices are a little lower there. He says that one of his problems is that he has to pay rent for the locale his business is in and he hopes later on to build a space of his own in order to save on rental cost.
The other nine group members are: Maritere, María Guadalupe, María Elena, María Elena, Ana Laura, Porfiria, Hugo, Inés and Susana. They will invest in their various businesses like: shoes by catalogue to sell, second-hand clothes to sell, costume jewelry, ingredients to make Mexican fast food snacks, underwear to sell, assorted candy to sell and in shoes to sell.
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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