Las Cochitas Group
Several of the women will invest their loans in some type of trade:
• Eleuteria will invest in her grain mill.
• Doña Modesta, Martha, Maria, Margarita, Birginia, Beatriz, and Maria Guadalupe will invest in their stores.
• Liyezmin will invest in belts.
• Felipa will invest in horses for her farm work.
• Rosa will invest in her stationery shop.
• Valentina will invest in feed for her sheep.
The group representative is Ana Luisa. She raises chickens to sell and says the following about her business: “I devote my time to raising chickens and sometimes turkeys. Now I want to invest in the purchase of chickens and build a chicken coop where the animals can sleep and protect themselves from the weather. One problem that I have is that the animals have nowhere to stay, so I have lost a few since they cannot be contained. I also need to have them vaccinated so that they will not come down with bird flu. The loan will be a benefit because I have a son who is in elementary school, so I will be able to pay for a few of his school supplies. My goal is to build a house because my husband and I live at my mother’s house. I am not married, but we have a common-law relationship. He works as a bricklayer. First, I want to save toward the purchase of some land and then acquire a farm afterwards. It is for this reason that I started my business, so that I could begin earning some money to save toward these goals.”
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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