Doña Olga is the group representative. She says that she is 58 years old and has been married to Sr. Pablo for 34 years. At the moment, they do not have any dependent children. They all live in San Pablo Tlachichilpa, a place where the people are friendly and hardworking. Doña Olga raises and sells animals. She is requesting a loan in order to buy sheep, chickens, and corn in large quantities because she knows that the prices have increased. She has already been in business for 30 years. When she was a young girl, her parents were in the same line of work. Her parents would take their animals out to pasture, but times have changed since there is no place for her animals to graze. Therefore, she must buy food for her animals such as grasses, ground corn, and other types of feed.
Doña Olga’s greatest challenge is when her animals get sick because she does not have the resources to cover veterinary expenses and medicines. Each month she has to buy a powdered remedy for her chickens and also have her sheep checked for parasites. Her goal is to have savings set aside for emergencies. She and her husband are older, so they are not able to continue working as easily as before.
Doña Olga is very grateful because the loans have enabled her to buy several animals. She always tries to save, but whenever she is able to treat herself, she buys things that she needs such as new shoes, shawls, and other items. Doña Olga and the other members of her group are very pleased and appreciative of FRAC and Kiva because they will be able to invest in their businesses. Trinidad and Carmen will buy sheep, while Beatriz will buy chickens.
El reto más grande que presenta doña Olga es cuando sus animales enferman y no tienen que tiene que gastar en el veterinario y medicamento, por ejemplo a los pollos cada mes se les debe comprar un polvo que se llama brebaje y a los borregos hay desparasitarlos.
La meta de doña Olga es llegar a tener un ahorro para cuando lo necesiten urgentemente tengan de donde tomar ya que su esposos y ella son personas mayores de edad y no pueden conseguir trabajo fácilmente.
Ella está muy agradecida porque gracias al crédito ha podido comprar varios animales y siempre ha tratado de ahorra y cuando puede darse un gustito n comprar cosas que necesita lo hace como comprarse zapatos nuevos, rebosos, etc.
Doña Olga y las integrantes del grupo están muy contentas y agradecidas con FRAC y KIVA ya que podrán invertir en sus actividades Trinidad y Carmen compraran borregos, y Beatriz comprar pollos.
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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