La Lupita Group
Teresa likes staying at home but she also thought that she would like to make her own money in order to help her spouse with the expenses for the children and house. For this reason, she decided to grow avocados. They own a broad plot of land and decided to plant avocados to put the land to use. Teresa says: "A little more than 15 years ago I bought avocado plants with the hope that one day they would yield a crop. Now I am one of the women in my community selling the most avocados, given that I have 150 trees of this fruit. I am very proud that my husband and I together have made many gains in getting ahead with our garden. Each year tons of buyers come to our town because we sell very high quality fruit."
Teresa is requesting a loan to buy fertilizers, organic fertilizers and calidra (to prevent plagues) in order to improve her trees. She is grateful that with the loan she can improve her business. The other members of her group include Antolina, Maria Santa, Maria del Carmen, Maria Elena, Gilberta and Teresa. They will invest loan proceeds in buying fertilizers, insecticides, and calidra to improve their avocado orchards and plant more of the same.
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