Granito De Arroz Group
Angelina is part of a group called "Granito de Arroz". She makes crafts from ocote leaves that fall from the trees. Beautiful crafts are made from these, such as purses, baskets, napkin rings, fruit bowls, tortilla holders, trinket boxes and many other items. She also makes decorative rugs, tablecloths, pillows and other crafts that she takes to sell at the butterfly sanctuary, since she can obtain good prices there. She reports that when it is not the butterfly season, a cousin helps her sell her crafts in Mexico City.
She is seeking a loan in order to buy thread in different colors, yarn, cloth, needles, rings and many other items. She is grateful for this loan opportunity as this will help her obtain the materials to make her crafts and bring income to her household.
The other fifteen members of the group are named Martina, María Guadalupe, Lourdes, Eduwiges, Rosa, Alicia, Isabel, Marisol, Laura, Rocío, Leticia, Arcelia, María de Jesús, Guadalupe and Mayra. They will use the funds to purchase shoes and clothes from catalogs, groceries, fruits and vegetables, Mexican snacks, and other goods.
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