El Mirador Group
Julia, 41, is the group representative. She has been married to Valentín for 22 years and together they have formed a family with two children, one of whom is a student. Julia has made a living for 14 years doing embroidery on napkins, textiles, etc.
Julia commented: "I started my job because my children were my motivation. They were studying, and often there wasn't enough money to pay for all the household expenses. I had to learn alone; also because my mother embroidered." Her only difficulty is the lack of material because when she has orders to deliver she needs money. Thanks to the loan from the institution, however, she'll be able to deliver her embroidery on time.
Julia's goal is for her son to finish his professional program so he can have a better quality of life.
The members are Antonia, Marcelina, and Julia, who also make a living in embroidery. They comment that this is what they do most in their community because often their handiwork is bought as wedding mementos.
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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