Señora Justina is 63 years old. She is a widow and has 11 children, 7 females and 4 males, all of whom work now. She makes sweet bread. She is asking for a loan to buy flour, sugar, butter, eggs, vanilla, cinnamon and firewood with which to make her sweet bread and pastries (called shells and kisses) and white bread rolls. She started her business 35 years ago and with the savings from the business bought the ingredients. She used to work with her aunt and watched her make the bread and learned how to do the same. The business is important because with it they never lack for food. She makes bread every 8 days. On Thursdays and Sundays her daughters help her make the bread. She goes to town to sell her products as she has customers that date back years and know the days she sells on. She sells her products that gives her the money to buy food for her grandchildren. She uses the profit to pay off debts, reinvest and for food. Her dreams and hopes are to live well, quiet and happy with her family and also wishes the best for her children. The members of the group want to thank Kiva and the Fundacion Realidad: "Thank you for the loans; we are grateful to you. Thanks to your help we can move forwards with our businesses."
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