La Juquilita Group
The Foundation got its name due to the town’s deep-rooted religious belief in the Virgin of Juquila. There are 10 hard-working members in the group, and they are all grateful to the Foundation for its confidence and understanding. The members are: Clara M. J., who sells chickens; Evangelista Hernández M., who makes tamales, Yazmín Alicia Ríos García, who sells clothing; Yanina M. J. and Maricruz A. C., who sell food; Gloria M. C., who sells tamales; Luz Maydet A. Ramírez, who sells shoes by catalog; Dayna Yánez M., who sells perfume; Ángel Yair García A., who is a bricklayer; and Florentino L. Rodríguez, who sells bottled water.
They are very glad for financing to grow their businesses, and comment that the group is united and working as a team.
Las integrantes son Clara M. J. que se dedica a la venta de pollos, Evangelista Hernández M. elabora tamales, Yazmín Alicia Ríos García vende de ropa, Yanina M. J. se dedica a la venta de comida, Maricruz A. C. venta de comida, Gloria M. C. se dedica a la venta de tamales, Luz Maydet A. Ramírez venta de calzado por catalogo, Dayna Yánez M. ella se dedica a la venta de perfume, Ángel Yair García A. se dedica a la albañilería y Florentino L. Rodríguez que se dedica a la venta de agua de garrafón.
Ellos están muy contentos por el crédito que se les financio para el incremento de sus ingresos y comentan que su grupo esta muy unido trabajando en equipo.
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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