La Capilla Group
Antonia is 61 years old and lives with her husband in a common law marriage. She has seven adult children. She sells fruits and vegetables and has requested the loan in order to purchase tomatoes, green beans, peppers, onions, apples and mangoes. She started her business four years ago by purchasing goods little by little, using what her husband gave her for expenses. With the loan from Kiva and Fundación Realidad she purchased more fruits and vegetables.
Her business is important, because she enjoys selling and making money in order to help with the cost of her grandson's education. Her grandson lives with her. As for her granddaughter, she is able to help her by giving her fruits and vegetables. Hers is a traveling business - she goes out and sells her merchandise to her neighbors. Her husband and her grandson help her business by bringing her goods from the central warehouse. She likes to go out and make sales because she gets to meet new people. She uses the profits she makes from her business to pay for electricity, water and loan repayments, and to reinvest.
She plans to expand her business to include dehydrated peppers, and she believes she can achieve that with the loan she will get from Kiva and Fundación Realidad. Her hopes and dreams are to have her business grow, to become a better person, and to have her grandchildren study and get a better quality of life.
The members of the group want to tell Kiva and Fundación Realidad that "we thank you for your loans and may you continue to help us see our businesses and our families grow".
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