Nueva Vida Group
Mary, as she is known familiarly, prepares hand made corn tortillas. She says she has been in this business approximately over four years and that she started the business to contribute to her home and help her husband with their children's education. She is married to José Juan and they have two daughters, one is in elementary school and the youngest is in preeschool.
She is requesting a loan to purchase corn, lime, firewood, salt, and paper to wrap the tortillas. She says she makes them twice daily. In the mornings she starts making them at 8 am for for lunch and in the afternoon at 12 for dinner time. She says her customers are locals, and she sells her tortillas at home, where she has a stand with her comal, where she makes the tortillas. She says she really enjoys what she does because people tell her she makes very pretty and very tasty tortillas.
Mary's goal is to be able to hire a girl to help her prepare the tortillas, since sometimes she gets very large orders of tortillas, especially when there are events in her community such as parties. She says that, thanks to the loans she has received through the finance company, she has grown as a business woman, because she started out making few tortillas and now she gets large orders.
The other members in her group are Juana, Roció, Antonia, Alejandro, América, Magali, María Catalina, Noemí y María Lorena. They will invest their loans in a grocery store, making tortillas, selling seasonal fruit and legumes, raising and selling chickens, in a dairy, in a public service group, catalogue cosmetics, quilts and sheets, staples to make tamales, selling women's clothing, and selling sweets.
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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