“Armonía” (Harmony) is a hardworking, well-paying group; it’s been in three loan cycles. It comprises women who work to get ahead with the family economy. Jessenia’s one of the members. She’s 26-years-old, married and has a 6-year-old girl and a baby on the way.
She sells barbecue and ‘menudo’ [traditional Mexican soup made with beef stomach in a clear broth or with a red chili base] in a stand; she’s been in business for four years and works Monday to Sunday.
She mentions that the loan will help her invest in her business. She also says that she wants to introduce more variety of food because her stand is located in a good spot and she wants to repair the pick-up truck they use to transport the things for the stand and to stock up on raw materials. Her husband became unemployed several years ago and both of them now work in the same business because they do quite well.
Armonía es un trabajador y pagador, lleva 3 ciclos con su crédito. Esta compuesto por mujeres que luchan por salir adelante con la economía familiar. Jessenia es una de sus integrantes, es una persona joven de 26 años, es casada y tiene una niña de 6 años y un bebé que viene en camino. Jessenia se dedica a la venta de barbacoa y menudo en un puesto, tiene 4 años vendiendo de lunes a domingo y menciona que el crédito la ayudará a invertir en su negocio, ademas dice que quiere meter mas variedad de comida, ya que su puesto esta ubicado en un buen punto y quiere reparar la camioneta en la que cargan las cosas del puesto y con la que surten su materia prima. Su esposo se quedó desempleado hace varios años y los dos se dedican a l mismo negocio, ya que les va muy bien.
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.