Las Flores Group
This is the reason that they have gone into chorizo making as a way to earn income. The funds from the Foundation were used to buy ingredients like: dried chili, salt, garlic, pepper, ground pork.
They also pay labor costs for the people that help them do the work, transportation costs to the city of Pinotepa Nacional to buy ingredients and transportation costs to nearby towns and to Acapulco, Guerrero, which is where they do their sales.
Gelasia Alberta S. goes to Acapulco once a week; she has the highest volume of chorizo sales; this activity generates economic income.
Luz Maria S. N. not only sells chorizo but she also manufactures beaded cotton blouses (Typical Costumes).
All of them stated that they will do everything in their reach to repay their loan on time so that they can continue to receive whatever help Fundación Realidad can offer.
Un día a la semana apoyan a la Sra. Gelasia Alberta S. ya que esta persona distribuye mayor volumen de chorizo en la Cd. de Acapulco Guerrero por esta actividad tambien obtienen ingreso economico.
En el caso de la Sra. Luz Maria S. N. ademas de la venta de chorizo se dedica a la elaboración de blusas de algodon con bordado de chaquira para vender (Ropa Tipica).
Todas ellas comentarón que van a poner todo lo que esté a su alcance para que paguen bien su credito en tiempo y forma y así continuar recibiendo los beneficios que Fundación Realidad les puede ofrecer.
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