El Tamarindo Group
These are the members of the group:
Matilde is going to use her loan to buy napkins, thread, needles, embroidery frames, yarn etc.
Angélica María is going to buy corn, chicken, requesón (similar to ricotta or cottage cheese), string cheese, and vegetables, to make gordas (a Mexican dish).
Alicia is going to buy catalogues and fill her first shoe orders.
Patricia is going to but clothing by the bale, and toys by the kilo.
Eloísa is going to buy corn, vegetables, meat, tortillas, bread, mayonnaise, and requesón, to make her Mexican dishes. Eloísa is 39 years old and is in a common-law relationship. She and her husband have 5 children. All of them go to school; two are in university, one is in the CBITS (technical college) and two are in primary school. She has a business selling hamburgers, hot dogs, pozole and tostadas.
She is applying for her loan to buy meat, vegetables, bread, cooking oil, corn, and tortillas. Her business is important to her because it provides income for her children's schooling. She likes it when she has a lot of customers who like her food, and come back. She re-invests her profits in the ingredients she needs to continue her business. Her hopes and dreams are to expand her business, to buy a larger grill with a fryer, that her children have careers, and that they all be well.
The members of the group want to tell Kiva and Fundación Realidad: "We are thankful for the loans that you give us, and may God give you more to help people living in the most remote or far-off villages".
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