Las Nenas Group
Update on Las Nenas GroupGloria is 49 years old. She is a member of 'Las Nenas' (The Chicks) community bank. She says that one of the group's members came up with the name because she pointed out that no woman is ugly, she just needs to fix herself up.
Gloria is divorced and has four children who are married. Her business is selling different brands of bedspreads, shoes and handbags through catalogs. She has been doing this for five years. She says that she set up her business so that she could help with her household expenses. Although her children support her financially, she would like to feel useful and so she has her business selling linens and shoes. She tells us that she goes out to sell her shoes and bedspreads to her acquaintances every day. Sometimes her customers come to her house and just request the catalogs. They make their orders and when she has items in stock she offers them and sells them. She says that she stocks her business from different authorized distributors. Right now, Gloria is requesting a loan to invest in orders that she has from her customers. She says that one of her goals is to grow her business. She would like to sell costume jewelry and fine jewelry but first she would like to save up so that she can invest in different types of jewelry.
The other ten members of this group are Virginia, Kati, Catalina, Alma Yanet, Lizbeth, María Minerva, Yolanda, Alicia, María del Socorro and Celia. They will invest in their different businesses which include selling Mexican snacks, selling confectionery, selling groceries, selling costume jewelry, selling sweet treats and selling shoes through catalogs.
Las otras 10 integrantes del grupo se llaman Virginia, Kati, Catalina, Alma Yanet, Lizbeth, María Minerva, Yolanda, Alicia, María del Socorro y Celia ellas invertirán en diferentes negocios como antojitos, repostería, abarrotes, bisutería, dulcería, zapatos por catalogo.
Previous Loan DetailsMrs. Minerva is part of the group Las Nenas, she sells used clothing, second hand electrical appliances, and by night she has a taco stand where she sells beef and steak tacos and tacos al pastor (traditional pork tacos). She has been doing this for over 2 years and says that she started this… More from Las Nenas 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