Los Blanquillos Del Charco Group
This story is about Francisco because he is the group representative. He is 40 years old, married to Rosalba, and has three children. One is in the second year of high school, one is in the second year of middle school, and Adolfo is in fourth grade.
Francisco has been buying and selling livestock for 15 years. He decided to start this business activity because he wanted to look for the way to get his children ahead. He also wanted to give them a better education, to give them a better quality of life, and to enjoy good financial solvency. He will use the loan he was given to buy cows, calves, and corn.
The goals that Francisco has set are to make his business grow a lot more, to constantly invest in order to increase the number of animals he has, and to have better sales and production. This will improve and increase his income so that he can give his family a better standard of living.
Chico (as he is better known in his community) thanks FRAC and Kiva because it is thanks to them that he has been able to make his business grow little by little. This changes his life and that of his family.
His colleagues are Delfino, Francisca, and Leticia. They devote themselves to different activities like selling fish and marketing livestock (buying and selling cows and calves, etc.).
Dice que decidió empezar con esta actividad, ya que quería buscar la manera de sacar a sus hijos adelante y ofrecerles una mejor educación y calidad de vida y gozar de una buena solvencia económica, el crédito que le otorgaron lo va a invertir en la compra de vacas, becerros y maíz.
La meta que se ha puesto don francisco es la de hacer crecer mucho más su negocio, estar invistiendo constantemente para ir haciendo crecer el número de animales y tener mejores ventas y producción, puesto que así mejorara e incrementara sus ingresos, para ofrecer un nivel de vida mejor a su familia.
Don chico (como mejor lo conocen en su comunidad) le da las gracias a FRAC y kiva por que gracias a ellos ha podido lograr hacer crecer poco a poco su negocio y así cambiar su vida y la de su familia.
Otros de los compañeros de don francisco son: Delfino, francisca y Leticia quienes se dedican a diferentes actividades como: venta de pescados y comercialización de ganado (compra y venta de vacas, becerros, etc.)
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