Felipe is the group representative and he relates that he’s 54-years-old and only studied up to fourth grade in elementary school. He married María and they formed a family and had children. Currently, though, they only have one son left at home who is attending school and a granddaughter who is also in their care. Felipe relates that he has worked raising animals and at the moment has only seven pigs and two heads of cattle. He has 17 years’ experience in this activity. He started it because he had to find another source of income because even though he worked as a laborer often his family needed other things and that’s why he decided to start raising animals which is a very good activity that can be developed well in his community. But he also got into it because a friend invited him to raise some animals and that motivated him very much because at the very beginning he gave him a litter of pigs that he’d set aside for him and he accepted it and that’s how he started to raise animals.
This is why he’s asking for a loan from the institution in order to buy feed for the pigs to fatten them up. The lack of cash to buy more feed is a difficulty he’s going through at present but thanks to the loan he will be able to buy the feed. Some time ago he reached the point of having large sows that produced up to 25 piglets. He did very well and one day he was asked to accept the position of delegate and he accepted but it absorbed too much of his time and he started to have problems with his animals. Two of the sows that were about to give birth lost their entire litters because of lack of care. He lost 50 piglets in a single day. If the pigs and cattle he has at home now grow well in a short period of time he will be able to sell the pigs at a good price. With good care and being fed well he’ll be able to recuperate and reach the same number in four months. He wants his animals to grow and he wants to have much more so that his children can continue going to school because he wants them to have careers where they can develop professionally. Felipe is a very hardworking, responsible man. All he wants is a better quality of life for his family.
María and Celia are part of the group; they also raise animals and will also invest in Felipe’s animals because this is a shared activity.
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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