Rancho Loma Bonita Group
Guadalupe, or Lupita, as she is better known, is a member of this group. She is 55 years old and has been married to Adán for 30 years. They have two children who are now independent. She has a small corn mill and another mill which she uses to make feed for her animals. Her mills are more than 20 years old. "I started up with the mills because when I got married, my husband had many animals and I helped him a lot. That is how I learned to work with these mills."
She is applying for this loan to make repairs to her mills. Lupita offers the service of her corn mill every day. Her clients come to her to grind their corn to make tortillas. Lupita says, "I want to work very hard so that I can manage to open another small place for another business."
The group members' advantage is that they are in a good location to have many clients. The other members of the group are Alfredo, who will invest in his butcher's shop, Adán, who will invest in his vegetable sales, and Isidro, who will buy cattle.
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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