Productoras Del Oriente Group
Eulalia, 39, is a single mother with four children, one girl and three boys. The girl and one boy are in elementary school, and the two older boys already work. She makes obleas to sell. She requested the loan to buy flour, sugar, coloring, oil, plastic bags, and packing tape to produce the obleas.
She began her business six years ago. As part of a project she was given the raw materials and an oblea machine. Her business is important because it is where she gets the money to eat, to give her children breakfast, and to pay the school expenses. She is proud to have her business in her house. She works and can attend to her children.
Her dreams and hopes are to expand her business, to buy another oblea machine, and for her children to be well. She is happy about the loan she is going to receive. She is going to buy the ingredients to continue working and making more obleas.
The members of the group are grateful to Kiva and Fundación Realidad. Thanks to their loans they continue working in their businesses.
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