Las Princesas Group
The members of the group chose the name "princesas" (princesses) for the communal bank because they consider themselves pretty.
Agustina is the representative of the group. She is affectionately nicknamed Gutis. She is 42 years old and has been married for 11 years to Bernardo, who works as a construction worker. Together they have 3 children who are attending school.
Gutis has had a sewing workshop for 9 years. She opened it because she had worked in a clothing factory but decided to start her own business. She also took some courses to improve the quality of her work. She makes suits but also does fittings and alterations. Her customers make their orders in advance and Gutis works upon request on the garments and alterations previously ordered.
Gutis says that despite the amount of effort invested in her work, sometimes her earnings are very meager, so she also breeds and fattens pigs, as an additional source of income.
In her sewing workshop everything is going well, except for one of her sewing machines which broke down. She is asking for this loan to repair the machine, and also to buy raw materials such as thread, fabric, needles and different types of buttons.
Gutis' dream is to see her children with a professional career and she is willing to keep working in her sewing workshop and breeding pigs to help with the educational expenses of her children.
Just like Gutis, the other members of the "princesas" communal bank also have dreams and this is why they are asking for loans. Gabriela will buy underwear, Domitila, Graciela and Arely will invest in the purchase of lambs, Fany will invest in her tortilla selling business and Constantina will use the money for her sewing workshop.
They are pleased and grateful to the field partner, Vision Fund, and Kiva for the loans that will be very helpful for their businesses.
Doña Gutis platica que a pesar de gran esfuerzo que hace para realizar su trabajo muchas veces sus ganancias son muy pocas es por eso que también se dedica a la crianza y engorda de cerdos para su venta lo que significa un ingreso más a su hogar, En el taller de costura no tiene ninguna dificultad todo va muy bien solo que una de sus maquinas está descompuesta pero por eso mismo está solicitando el crédito para darle mantenimiento a su máquina y para comprar materia prima como hilos, tela, agujas, entre diferentes tipos de botones. El sueño de Gutis ver a sus hijos realizados profesionalmente ella está dispuesta seguir trabajando en su taller de costura y con la cría de sus cerdos para ayudar con sus gastos de educación, así como Doña Gutis tiene sueños las demás integrantes es por eso que están solicitando crédito a la institución para poder invertir en sus actividades económicas, Gabriela invertirá en ropa interior, Domitila, Graciela, Arely invertirán en borregos, Fany en la venta de tortillas y Constantina invertirá en su taller de costura, Ellas están muy contentas y agradecidas con Vision Fund y KIVA por el crédito otorgado porque para sus negocios será de gran ayuda.
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