San Lorenzo Group
Update on San Lorenzo GroupThis group is called San L.. One of its members dropped out because her business didn’t work out; she was investing more in purchases than what she was earning in profits. Despite this, however, she’s happy to have attempted it.
The people who joined the group are: Margarita, Donaciana, Sixta and Cándido who already have businesses and want to make them bigger.
Felicitas sells bread. She likes her business very much because it produces good profits. She’s sold bread since she was a little girl because her mother was also in this occupation.
The dates when she sells most is when there are weddings, baptisms or the Day of the Dead because orders are placed three days ahead of time.
She requested the loan to buy more ingredients to make bread like: flour, eggs, shortening, yeast and Royal baking powder.
She is very grateful to her mother because she taught her this business and she’s very proud of herself for being able to manage it and because her customers are very happy for the good service she provides and because the bread she makes is so delicious and made by an indigenous person who wants to improve herself.
She feels happy because when it is vacation season people come to the town and buy bread from her and buy it at wholesale to take it back to where they came from so other people can taste it.
She thanks the Fundación for the support it’s provided and for the interest it shows for her fellow group members.
Las persona que entraron al grupo son: la señora Margarita,la señora Donaciana, la señora Sixta y el señor Candido quienes ya tiene su negocio pero desean hacerlo mas grande.
La señora Felicitas se dedica a la venta de pan ,e guta ucho su negocio por que le deja muy buenas ganancias ya que desde muy pequeña se ha dedicado a la venta de pan po que mama ha eso se dedicaba.
En las fechas que tiene mas ventas es cuando hay bodas, bautosos y muertos ya que es cuando le encargan el pan tres dias antes .
Pidio el prestamo para comprar mas ingredientes para hacer pan como son: harina,huevo,manteca,levadura y royal.
Esta muy agradecida con su madre ya que fue ella quien le enseyo ese negocio y esta muy orgullosa de si misma por poderlo manegar , por que sus clientes estan muy contentos por el buen servicio que les brinda y por hacer ese pan tan delicioso y por manos de una persona indigena que tiene ganas de superarse.
Se siente contenta por que cuendo hay vacaciones y van personas al pueblo le compran pan ya que cuando que cuando se van a regresar le compran por mayoreo para que las otras personas lo prueben.
Le da las gracias a funadcion por el apoyo que le ha dado y por el interes que muestra por sus compañeras del grupo.
Previous Loan DetailsThis group is called "San Lorenzo", whose name honours San Lorenzo Oaxaca. It is worth mentioning that the group is made up of 10 people: 9 women and 1 man. They all speak the mother tongue belonging to the Mixteca indigenous community of the coast of Oaxaca, also known as the Mixteca Baja. A… More from San Lorenzo Group's previous loan »
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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