La Amistad Group
Update on La Amistad GroupSantaC., 59, is married and has a daughter in her care called Anahí who is in 6th grade; her husband is called Ponciano and is a farmer.
She is a merchant; she sells meat and food and will use the loan to buy the ingredients she uses for the food and the meat like: tomatoes, chili peppers, onions, oil, condiment, chicken, etc. She hopes that her business will function well because profits will help for her daughter’s school. SantaC. would like her business to grow a little.
SantaC. belongs to the “La Amistad” group named like that because it’s composed of only friends. It has 10 members, one man and 9 women who will be listed next: SantaC., Francisca, María, Víctor Manuel, Magali, Rubisela, Lucila, Ivett, Adalberta, Santacurz. They all carry out commercial activities such as: clothing sales, beverages, groceries, food, etc.
Ella se dedica al comercio vende carne y comida lo cual invertirá su préstamo en la compra de los insumos que utiliza para la comida y la carne como son: jitomate, chile, cebolla, aceite, condimentos, pollos, etc. ella espera que su negocio le funcione muy bien ya que las ganancias le ayudan para la escuela de su hija doña santa C. le gustaría que su negocio creciera un poco.
Santa C. pertenece al grupo la amistad el cual se llama así porque está integrado por puros amigos el grupo tiene 10 miembros 1 hombre y 9 mujeres a continuación serán mencionados: SantaC., Francisca, María, Víctor Manuel, Magali, Rubisela, Lucila, Ivett, Adalberta, todos realizan una actividad comercial como son: venta de ropa, bebidas, productos de abarrotes, comida, etc.
Previous Loan DetailsThis group goes by the name "La Amistad" ["The Friendship"]. It is located in the community of El Pabellón, which is part of the municipality of Cuautepec, in Guerrero state. The members of this group decided to give themselves this name because they have known one another for a long time and a... More from La Amistad 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