Santa Maria Group
Heladia has had a mill for four years and she says that she got it because the community did not have one. Before they had to grind the grain on a metate [handmade grinding stone] for making tortillas and thanks to the mill the women in her town never get tired and the mill grinds the grains much more rapidly. Also she says that they grind grains to make mole (a regional food) and that there are various grains that they grind to make that meal.
She says she is asking for a loan in order to buy some spare parts for her mill and also to buy some lime, corn, firewood and she also sells mesa [dough made from a mixture of flours] in order to make tortillas. She comments that the products she uses to make the masa come from a town called Zitacuaro where she obtains a better price.
Heladia’s goal is to buy another mill of larger capacity in order to improve the conditions for the people of the village and later she wants to sell tortillas made by hand.
The other four members of the group are called Virginia, Ramon, Maria Jacinta and Maria Concepcion. They will use their loans to buy articles to supply a grocery store, for seasonal fruits and vegetables to sell, to buy two cows to raise and later sell, and to buy soft drinks to sell.
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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