El Hortelano Group
He began this business because he did not have a stable job. Since he did not study beyond primary school due to scarce economic resources, it is difficult for him to find a good job. He says that various family members make a living in cultivating avocados. He rents them the orchards to cut the avocado. Then, they carry the fruit to sell in a Mexican state where they get a better price.
He is asking for a loan to rent an orchard. The harvest for this fruit already began in the month of December, and he has to put capital together to pay for the rent and then go to sell. He says that when it is not avocado season, he goes to the wholesale supply center in Zitacuaro to buy tomatoes, manzano chile peppers, onions, pineapple, papaya, strawberries, cherries, blackberries, and more. He says that he has a small pick-up truck he uses to transport his fruit to areas where he can sell for more than at the street markets.
He says that his goal is to buy land where he can cultivate his own avocados and have a better future.
The other four members of the group are Felipe, Ana Lilia, Guadalupe, and Roberto. They will invest their credit in ingredients to make traditional Mexican dishes, for the purchase of Christmas Eve flowers to sell, to buy material to make thick walls to sell, and to buy seasonal fruits and vegetables to sell.
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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