Ilusión Los Lobos Group
Avelina is a member of the group. She loves to smile and is always in a good mood. Her happiness is contagious when talking to her. She is 42, and has been married to Francisco for 27 years. They have six children, two of whom are dependents and in school. Ave, as she's known, works by growing, fattening, and selling pigs. She has done this for ten years. She buys the pigs from a vendor in Michoacán, who sells them at a low price. Ave says, "I started my work with pigs because a woman sold me a small pig because I was interested. However, that pig was heavy and had nine piglets." Ave raised and sold them and earned some income. This is when she decided to make a living from this work. She buys the animals at a young age, barely 40 days old. For four to five months, she feeds them corn and when they reach 100 kilos, she puts them up for sale.
Currently, Ave is requesting a loan to buy supplies such as cement, spokes, lime powder, and blocks to build a larger space for her pigs. Right now, she doesn't have any pigs, but she's thinking she will buy them in December. First, though, she needs an established space. In August, she finished selling off ten pigs. Ave is very happy because thanks to her efforts, she has been able to improve her house with better materials. "Before having children, my husband and I lived in a house made of wood, but since we started raising animals, we've been able to build this plaster house." There doesn't seem to be any particular challenge in her work. Ave says, "My dream is to finish our house with a second level so we can live comfortably with everyone, including our grandchildren. But I'd also like my children to finish school if they can, that they study a professional career path." The other group members are Margarita and Rose, who will invest in raising, fattening, and selling their sheep.
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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