Los Arbolitos Group
Maura, who is the representative of the group, tells us that she is 47 years old. She has been married for 29 years to Federico who works with her although they have two children who depend on them and who are students, one in elementary school and the other in secondary school. Maura is dedicated to embroidery such as napkins, tablecloths, relgious embroidery, decorations for tables and other furniture. "Since I was a girl, I learned since my mother taught me to embroider but also I liked it a lot since the finished product was very beautiful". This time she has requested the loan to buy thread in different colors, plaid fabric, and needles. The greatest difficulty that Maura faces is selling her embroidery since almost all the women in her community embroider and they do not buy like they did before. But this does not deter her from continuing to make her product since she also shows them on tables for parties like this time when we visit her she was very happy since the son was getting married. One of Maura's goals is to buy sheep and improve her house. When she sells, her earnings are beneficial to buy what she lacks at home and to pay the bills. In general, the whole group is very thankful to FRAC and Kiva for the loan granted.
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