Las Margaritas Group
José belongs to a group called las Margaritas (the Daisies) and he says that they chose the name because this type of flower grows where they hold their meetings. He has two taxis and says that he had great difficulty in obtaining the number plates because they will not sell them to just anyone who wants to work as a taxi driver.
He is seeking a loan to maintain his taxis since the vehicles are quite old. He says that he is doing well because he works with radios in his cabs, which means there is a base which people can call to request a taxi. He says that the hardest part of his job is the night shift, because he must not fall asleep. He wants to do well for his children's sake and he is married to Esperanza who is a housewife. He says that when he needs a car part, he goes to Toluca, as prices are lower there.
His ambition is to have a fleet of 5 taxis, as it is a good job which he can leave to his children.
The other 11 members of the group are called Guadalupe, Gabriela, Teresa de Jesús, María Estela, Ma. Teresa, María Guadalupe, Maribel, Anahí, Ma. Leonor and Ma. Luz. They will use their loans for their businesses: video games, women's and children's clothing sales, regional sweets, supplies for avocado production, sales of underwear and plastic cookware, selling quilts and shoes by mail order etc.
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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