Familia M Group
Doña Juana sells plastics such as fibers, buckets, and tubs as well as other things. She started her business 12 years ago because she enjoys working. Her goal when she began was to have a business in which she herself would administer her time, where she could open and close at the hour she wanted. This time Doña Juana is applying for the loan to buy more merchandise. She is very happy and grateful for the loans from Visionfund and Kiva "...because my business has been able to pick up and grow little by little." Doña Juana is a great person. The only thing she desires is to ensure her quality of life for when she is no longer able to work.
The rest of the group also have their different business activities. Don Jesús will invest in clothing, Don Fidencio in costume jewelry, and Andrea in baby clothing and undergarments. The members of the group are very hardworking and responsible people. They are thankful to the institution for the loans they have been awarded that have made their businesses better and increased their quality of life as a family.
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