Los Nuevos Group
She belongs to a group called Los Nuevos. She says she joined the group to be able to buy a sewing machine because she has had a tailor shop for seven years. She says that needing to have a stable job led her to learn to sew. Since she was in secondary school she was interested in sewing because she was in the dressmaking workshop. From there she began to design her first creations.
She says that she's asking for a loan right now to buy material such as zippers, fabric in different textures and colors, thread, needles, etc.
She makes pants, blouses, shirts, nightgowns, sheets, blankets, and many other designs. She's going to go to Mexico City to stock up because they have lower prices and she'll have enough money to buy all the materials she needs. In the month of December she has more work because the schools order the costumes for the Pastorela [shepherd's pageant] or the dance shows.
She says her goal is to make a big workshop to give people in her town jobs, which is what is most needed to get ahead. The other seven people are J. Remedios, Citlaly, María Guadalupe, Hilda, Javier, Diana, and Mayra, and they're going to invest in different varieties to sell in a flower shop, seasonal fruits and vegetables to sell, a stationery store, cosmetics sales via catalogue, and Mexican snack sales.
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