San Juan Group
The group “San Juan” is made up of eight members. All are very enterprising women. Each of them has a productive business. For this reason, they are requesting a loan from Kiva and VisionFund in order to invest in their businesses.
Sandra will invest in jewelry, Fulgencia and Rosenda will buy corn for their tortilla business, Yolanda will invest in buckets and barrels, Yolanda in fabric for quilts, Yunuen in computer equipment, Rocío in selling quilts and linens, and Magdalena will invest in her stationary shop.
Teresa is a representative of the group. She was the one who decided on the group’s name, and she chose it because this is the name of the patron saint of the community. She has great faith in him, and she asked for a lot of strength in order to get her group ahead. They have been with this organization for many loan cycles.
Tere (Teresa) is 51 years old. She has been married for 31 years to Santos. Together, they had a family of five daughters, one of whom is dependent on the pair of them.
Tere has worked selling cosmetics and perfumes by catalog for 30 years. She says that she started her work because she really enjoyed the interaction with people, but also out of necessity, because her expenses are high, and she decided in some way to help out with the household costs.
She has also had a stationary shop for six years now; she began this because previously, she had a restaurant. Her children were the ones who helped her to run it, but after a while this was impossible; this then motivated her to start her stationary shop.
This time, she is requesting a loan to purchase more beauty products. She needs her loan because she works with various brands. Tere has a lot of experience selling cosmetics; however, her challenge is getting involved with more brands in order to be able to expand her number of customers.
Tere’s goal is to be able to see her daughter who is studying at the university become a professional. Tere is very proud of her daughters, because although they no longer support her with her business, they do help her financially.
Magdalena is behind another member of the group.
Doña Teresa es representante del grupo ella fue quien decidió en nombre del grupo y lo eligió porque así se llama el santo patrono de la comunidad le tiene mucha fe y le pidió mucha fortaleza para sacar adelante a su grupo, llevan muchos ciclos trabajando con la institución. Doña Tere tiene 51 años de edad está casada desde hace ya 31 años con el señor Santos juntos formaron una familia con cinco hijas de las cuales solo una es dependiente de dicha pareja. Doña Tere se dedica la venta de cosméticos y perfumes por catalogo desde hace ya 30 años platica que inicio su actividad porque le gustaba mucho el contacto con las personas pero también por necesidad porque sus gastos eran muchos y de alguna manera decidió ayudar con los gastos del hogar, también tiene una papelería desde hace ya seis años esta la inicio porque anteriormente tenía una cocina económica sus hijas eran quienes le ayudaban a atenderla pero tiempo después esto fue imposible entonces fue como la motivaron a emprender su papelería. Esta vez está solicitando un crédito para comprar más productos de belleza necesita de su crédito porque trabaja con varias marcas, Doña Tere tiene mucha experiencia en la venta de cosméticos, sin embargo su reto es poder llegar a conocer más marcas para poder expender el numero de sus clientes, La meta de Doña Tere es poder ver realizada profesionalmente a su hija la cual se encuentra estudiando la Universidad. Doña Tere está muy orgullosa de sus hijas porque aunque ya no la apoyan en el negocio si le ayudan económicamente. *Magadlena esta atras de otra integrante del grupo*
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