Amelia is widowed and has 5 children, all of them married. She has lived alone for two years. She makes a living growing and selling avocados. She also makes handicrafts to sell, which she has done ever since a nun taught her how to make Ocoshal crafts more than ten years ago. Amelia is asking for a loan so she can purchase materials she needs for making Ocoshal handicrafts, such as needles and thread, as well as soap and bleach for washing the pine fibers. She weaves the fibers into baskets, tortilla baskets, breadbaskets, vases, mats, jewelry boxes, and many other items.
Amelia is also going to use the loan to purchase fertilizer and insecticide in order to improve the quality of her avocado trees. She says that even though her trees are small right now, she expects to get her first avocado crop in December and will definitely earn a profit from her trees. Amelia is excited about the loan because it will allow her to improve the quality of her avocados. She hopes to use the profits from her first crop to purchase a pump for bringing water up to her land, since she has difficulty walking up the hill carrying buckets of water and then watering her trees by hand.
The other three members of the group are María Leucadia, Irma, and María Crisanta. Like Amelia, they are also going to use their shares of the loan to purchase supplies for growing avocados as well as materials for making Ocoshal handicrafts.
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