Update on Brisa GroupThe new group members are Maribel who will use the loan to buy pork and utensils for her butcher shop and Patricia who will buy Tupperware at wholesale. The rest of the members continue with their same business and activities.
Demetria Cristina, 46, is married and has three children: two boys and one girl. Only the youngest is still in elementary school; the rest are all older. She has her business selling inexpensive meals. She requested her loan to buy vegetables, meats, sugar and soft-drinks to prepare her dishes. Her business is important because she obtains benefits for her household. She enjoys taking care of her customers who are truck drivers, taxi drivers, and office personnel. She feels proud to have her business and to obtain income for herself personally and for her family. Her dreams and hopes are to be in a better family relationship and that her children improve themselves and are in good health. She is happy with this loan which gives her the opportunity to stock her business.
The group members want to say to Kiva and to Fundación Realidad: “thank you very much for the loans. May God keep you and please continue helping us with your loans.”
Previous Loan DetailsThis solidarity group is called Brisa ("Breeze"). It is located in the Tlayecac community in the state of Morelos in Mexico. The group is made up of the following ladies: Teresa de Jesus; Margarita; Demetria Cristina who will use her loan to buy perfumes, deodorants, creams, etc; Señora Luisa who… More from Brisa 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