Doña Ignacia learned about Fundación Realidad through friends and was encouraged to organize a group, which was named “Estrella” (Star). She saw this was a great opportunity to grow her business because she wanted to add groceries to the products she offers. She will use her loan to buy fruit (apples, bananas, pears, and oranges), vegetables (tomatoes, peppers, onions, potatoes, carrots, and lettuce), and groceries (oil, rice, paper, soap, and mayonnaise).
The “Estrella” Group is composed of 10 women who have been friends for a long time and meet on the weekends. They are requesting a loan so that they can improve the quality of life for themselves and their families. Most of them sell products by catalog, but others sell clothing, snacks, and natural yogurt.
Doña Ignacia is very pleased with her loan because she will be able to offer a variety of fruits, vegetables and groceries and give her customers more choices. She will be able to get better returns which will enable her to repay her loan and improve the quality of life for her children.
The dream of Doña Ignacia is to provide for her children so that they can finish their studies. She hopes to have her own vending location so that she can increase her earnings and expand her business by selling chickens. She is grateful to Kiva for helping ordinary people who are complete strangers. The assistance provided to these women help them have their own businesses and improve the quality of life for their families.
El grupo Estrella esta conformado por 10 señoras que llevan una amistad desde hace mucho tiempo, el fin de reunirse y solicitar su préstamo es el de mejorar su calidad de vida de ellas y de sus familiares. En su mayoría ellas se dedican a la venta de catalogo, pero también hay quienes venden ropa, antojitos yogurt natural.
Doña Ignacia esta muy contenta ya que al recibir su crédito va a poder tener variedad de frutas, verduras y abarrotes y así sus clientes van a tener mucho mas surtido para escoger además de que podrá obtener mejores ganancias y así podrá pagar el préstamo y mejorar la calidad de vida de sus hijos.
El sueño de doña Ignacia además del bienestar de sus hijos es que ellos terminen sus estudios y el de tener su propio local para que así sus ganancias sean mayores y pueda aumentar a su actividad la venta de pollo.
Ella agradece a Kiva que ayuda a la gente humilde a pesar de no conocerlas y en especial la ayuda que ofrecen a las señoras que tienen una actividad económica para mejorar la calidad de vida de la Familia.
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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Success!! The loan was 100% repaid