Clarita, as everyone calls her, makes a living making clothing such as dresses, blouses, shirts, trousers, sweatpants, etc. She buys her goods in Mexico City, because they give her low prices there for the materials she needs. She also makes uniforms for various schools in her town.
She is applying for a loan to buy materials to stock her business, because in the month of March she will have an order for the wardrobe for the portrayal of the Via Crucis ("Way of the Cross") in her town. She needs material to make the costumes, which she painstakingly sews year after year for the Holy Week.
She says that she will buy fabric in different textures and colors, thread, zippers, buttons, ribbon, etc. She also makes clothing repairs, adds zippers and buttons, and hems clothing, among many other services.
The other members of the group are María Eugenia, Nancy, Silvia, Yessica, María de los Ángeles, Lorena, Graciela, and Rodolfo. They will invest in their businesses, such as a clothing store, the sale of fruit and vegetables, a shoe store, and a nutritional club.
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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