El Cielito Group
She says that before she was working as a housekeeper, but upon seeing that she wasn't taking good care of her children, she decided it would be best to start a small grocery store in her house and thereby stay more in charge of her home.
She says that right now she is asking for a loan to buy goods to sell in her small store, like sugar, milk, eggs, rice, soup, cookies, soft drinks, oil, sardines, tuna, toilet paper, diapers, and a bunch of other things that other stores in nearby towns sell. People don't want to spend money on travel to get these basics.
She says that if they give her the loan her business will improve and she will be able to earn more, and with those earnings she can give her children a better quality of life. The other members are the group are named Maria Antonio, Rosa Glora, Otilia, and Lucia. They will invest their money in materials to make artisanal embroideries, in the purchase of fruit and vegetables to sell, and for goods to launch a grocery store.
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