Ms. Sofia is originally from of a native american community of the Mazahua. She says that she was a part of another entrepreneurial group, but unfortunately one of the members was unreliable, so she formed her own group to be able to ask for a credit and invest it in her small business. She says that for 3 years she has run a business from her home selling sweets, refreshments and fried foods. And because her house has a reputation because there are many children who live in her area and she can earn a little bit of money from what she sells. She says she started her business because her husband is a big man and she needs to be able to feed him more and also because she lives with her granddaughter who is in high school and Ms Sofia helps her pay for her school expenses. This is why she is asking for a credit, because she needs to stock her business with sweets and fried foods so she can earn more money and be able to help her granddaughter finish school. The other three members of the group are named Hortencia, Alicia and Martha and they will invest their credit in purchasing sweets, refreshments, fried food and to purchase grocery items for their grocery store.
Doña Sofía es originaria de una comunidad indígena Mazahua. Comenta que ella era parte de otro grupo pero que desgraciadamente una integrante quedo mal y ella hizo su propio grupo para poder pedir un crédito e invertirlo en su pequeño negocio. Dice que desde hace 3 años tiene un negocio en su casa de venta de dulces, refrescos, frituras y que en su casa tiene un puesto ya que por ahí viven muchos niños y para poder ganar algo de capital ella vende, dice que puso el negocio porque su esposo ya esta grande y no le alcanza con lo que le da para la alimentación y porque con ella vive una nieta la cual estudia la secundaria y doña Sofi, como le llaman, le ayuda a pagar sus estudios. Es por eso que ella está pidiendo su crédito porque quiere surtir su negocio de dulces y frituras para que pueda tener ganancias y así ayudarle a su nieta a concluir su secundaria. Los otros tres integrantes del grupo se llaman Hortencia, Alicia y Martha ellas invertirán en la compra de dulces, refrescos, frituras, para la compra de artículos para tienda de abarrotes.
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.