La Calera Group
She is asking for this loan to purchase more avocado plants and organic fertilizer to nourish the soil and not harm the earth. One of Honoria's challenges is that when it is freezes, some of the plants are burned by the cold and she has to put down good fertilizer so that they can withstand the inclement weather.
She says that this loan would help her very much since she would be able to purchase the necessary items for her trees so that she could earn income to then give a better quality of life to her small children. Honoria's goal is to make her orchard larger, plant more avocado plants, and also put in some peach trees.
The other three group members are Ma. Santos, Isaias, and Lenor. They will invest their loans in fruits and vegetables, ornamental plants, and material to do embroidery.
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.
22View loans »
Success!! The loan was 100% repaid