Abejitas Trabajadoras Group
Update on Abejitas Trabajadoras GroupJorge is part of the “Abejitas Trabajadoras” (Little Worker Bees) communal bank and says that they gave the group that name because they consider the insect to be very hardworking. He is 32 and a native of a town where the principal economic activity is guava cultivation. He is married and has two children, who are in primary school. He has worked, from a very young age, as a baker, but four years ago he branched out on his own in order to provide economically for his household and earn a bit more income. He notes that it was his family who taught him how to make different kinds of breads such as the delicious chilindrinas (sugar coated buns), doughnuts, conchas (sweet buns), espejos (large, glazed cookies ), teleras (a type of bread), cuernitos (croissants) and many other varieties.
Jorge says that he gets up at a very early hour, at about 4 in the morning, to do his baking. He sells his bread in the city, since various stores have already placed orders. He is asking for a loan to buy basic ingredients such as flour, milk, eggs, sugar, cooking gas, food coloring, etc. He says that, especially in the month of November, he makes bread for the Day of the Dead, since the Day of the Dead holiday is celebrated in the country. He is very pleased that they will give him a loan because then he will have the supplies needed to make his delicious breads. Jorge’s goal is to own another mud oven because the bread has a more delicious taste and it is cooked with wood which gives it a different flavor.
The other eleven members of the communal bank are Gloria, Cristina, Elizabeth, Rosa, Mariana, María de Jesús, Adriana, Teresa, Alma Delia, Sandra, Georgina. They are all requesting loans to invest in their businesses selling items such as shoes, furniture, sweets, embroidered handicrafts, flowers, appetizers and cosmetics by catalog.
Los otros once integrantes se llaman Gloria, Cristina, Elizabeth, Rosa, Mariana, María de Jesús, Adriana, Teresa, Alma Delia, Sandra, Georgina todos ellos están pidiendo sus créditos para invertirlo en sus negocios como venta de zapatos, mueblería, dulcería, bordados de prendas artesanales, florería, antojitos, cosméticos por catalogo.
Previous Loan DetailsElizabeth is a very hard-working woman who does her household chores very responsibly. She has two young children: an 8 year-old boy who is in elementary school and a 6 year-old girl who will start elementary school soon. Elizabeth's business is selling juice and smoothies outside a school.… More from Abejitas Trabajadoras 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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