La Mesa Centro Group
Don Rodolfo who is the representative of the group is 51-years-old, married to Señora María Juana, and together they have four children who still depend on them because they go to school. Don Rodolfo has a carpentry shop that is named "El Membrillo" and has been around for 25 years. He started his carpentry shop because in Mexico City he worked as a carpenter and learned many things. That is why he decided to put one in his house and thus be able to spend more time with his family, reduce their cost increase, and be able to pay off their household expenses.
This time he has asked for the loan to buy raw materials like wood, paint brushes, paint, varnish, etc. The biggest challenge that Don Rudolfo faces is that he often does not have the tools he needs to fulfill all the orders that his customers have placed with him. Many times he has not been able to comply with the orders in such a way that his customers do not like the design and they complain that it is very simple because he has not finished it the way they wanted. This is why it is increasingly difficult for him to succeed in his business. In his carpentry shop he makes all kinds of furniture for the home, like cradles, wardrobes, tables, built-in cupboards, small furniture, etc.
He says, "The loan has helped me a lot. Thanks to it I have been able to buy more material although my biggest goal or hope would be to have more up-to-date machinery to satisfy my customers so that they would want to return to order more furniture from me; to be able to improve the quality of life for my children and wife."
Don Rodolfo and the rest of the group are grateful to FRAC and Kiva since they all will be able to invest in their work. Don Jesús, Pedro, and Juvenal will be able to invest in the maintenance of their taxi; Doña Cecilia will be able to invest in the remodeling of her restaurant; Lorena will invest in the purchase of groceries; Agustina will buy lambs; and Martha will buy calves - all in order to improve the quality of life of each of their families.
Don Jesús, Pedro, Juvenal podrán invertir en su mantenimiento de su taxi, Doña Cecilia podrá invertir en la remodelación de su local, Lorena invertirá en la compra de abarrotes, Agustina compra borregos, Martha comprara becerros todos con el fin de mejorar la calidad de vida de cada una de su familia.
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