The young Maribel, who is 33 years old, studied up to the 3rd year of secondary and has her diploma. She is married and her husband works in the countryside, renting land and sowing onions. They have 2 children; Ismael is 11 years old and in the 6th grade in primary school, and Juaquin who is 4 years old. Maribel sells shoes, cosmetics, and lingerie by catalog. She is requesting a loan to buy shoes so she can fill shoe orders. She offers her customers shoes, clothing, cosmetics, and lingerie.
When the business began some 2 years ago, initially, she helped her sister-in-law with sales. Later, Maribel bought catalogs and began to sell. Maribel began cautiously, with a selection she was offered and an initial loan. Her business is mobile; she goes from house to house, offering her products. Keeping her business is important and special because if she wants some shoes for herself or her children, she provides them cheaper and con provide a discount. Her favorite part of the business is when the customers pay! Some pay all in cash, others pay half down. Men are the best at paying. She remembers being awarded a packet of lingerie for having good sales each month. She has many customers: men, women, and girls. When there are closing ceremonies and parades, they buy more shoes. Their desire to have the same model makes her business popular; her brand is well-recognized.
The challenge that faces her business is that she offers shoes on payments and some people don't pay. The competition her business confronts is that many girls and women who sell from catalogs sell other brands. Maribel invests her earnings to buy more shoes; she plans to expand her business by providing cosmetics, lengerie, chothes, as well as shoes, and she hopes to do this with loans.
Her business has helped her family when her husband couldn't provide income. From the earnings, she provides food and expenses. She wants to make improvements to her house, mainly the baths and building another bedroom. Her plans and hopes are to continue ahead with the business and keep on selling. Maribel is happy with this loan because she can supply her business with what people order. What she wants for her children is to provide schooling so that they will lack nothing. And this loan will help.
The group members wish to say to Kiva and Fundacion Realidad “Thanks for helping people who have needs because without your help we would not be able to get ahead.”
Huitzililla is a warm village with its countryside sown in onions, sorghum, and corn. They celebrate the day of their patron saint, St. Thomas, on the 21st of December; there are baptisms, first communions, processions, the running of bulls, and other ceremonies.
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