Las Florecitas Group
Señora Rosalia, who will use the loan to buy vegetables, meats, chillies, sesame, almonds, garlic, and seed.
Señora Rosa, who will buy shoes for women, men and children, and to buy corn, meat, chillies, lard, cheese, and ricotta.
Señora Maria, who will buy eggs, toilet paper, oil, sugar, ham, and soda.
Señora Alberta, who will buy corn.
Señora Clara, who will buy packages of nutritional products.
Señora Maria is 76 years old, is widowed, and has five children; four women and one man, all of whom are adults and already married. She asks for the loan to buy sodas, eggs, bleach, oil, coffee, bouillon, soups, sugar, etc. in order to stock up her grocery store. She began her business 30 years ago. The reason she needed to start the business was because she had to care for her children. Her business is important because she has income for food. She likes to work so that she has daily income; she uses the earnings to pay for lighting which is very expensive. Her dreams and hopes are that God allows her to live to continue working and that her children are well, do what is best for them, and live happily like brothers. She is happy with the loan that she is going to receive to stock up her store so that her customers can find cumin, clove, pepper, bicarbonate, garlic, chillies, tomatoes, onions, and a lot more - thus offering them better service.
The members of the group want to say to Kiva and Fundación Realidad, "we thank you for helping us with the loans, charging us little interest, and continuing to support us with the loans in order to get ahead with the businesses and with our families".
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