Santo Tomas Group
Anita - who will buy pans and utensils for her business;
Eloisa - who will buy undergarments wholesale;
Leticia - who will buy shoes and catalogs to stock her business;
Enrique - who will buy corn to plant; and
Marcelina - who will buy soft drinks, oil, sugar, soap, bleach, toilet paper, candles, etc. for her grocery store.
Ms. Anita is the group's representative. She is 56 years old and in a common-law marriage. She has seven children: Susana (36), Surey (33), Omar (28), José Francisco y José Augosto (24), Patricia (23), and Luis Ángel (15).
Anita's business is food sales. She is requesting a loan to buy cooking utensils like steamers, pans, coffee spoons, and small glasses for yogurt, because in the telescundaria [distance-learning center for rural secondary school students] where she sells food, the students and teachers are prohibited from using disposable products. She started her business four years ago and learned from working in a restaurant for a long time. She offers her customers snacks, tlacoyos [oval-shaped fried or toasted cakes made from corn dough], rice tacos, brisket taquitos, flautas, chicken quesadillas, enchiladas, tostadas, pozole [traditional stew], and golden tacos. She is constantly changing the menu.
This business is very important to Anita because she enjoys cooking, it supports the students at the telesecundaria, and provides her with a source of income. She is very happy to receive this loan because she will be able to buy the cooking utensils she needs to prepare her dishes with greater quality and a nicer kitchen. Her hopes and dreams are for her business to grow, to have good health and strength to work, and also for her children to have good jobs and for her youngest son to become a professional.
The members of this group want to tell Kiva and Fundación Realidad, "we thank you for the confidence you have shown us. Thanks to you we will be able to get ahead so that our businesses grow and are strong."
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