San Francisco Group
Update on San Francisco GroupThe new member of the group is Antonia. With her loan she is going to buy corn, leaves for tamales, meat, sugar, and pineapples. The other members continue with the activities that they have been carrying out.
Graciela is 33 years old. She is married. Her husband works in the field or as a construction worker. They have 2 children, a son and a daughter, and both of them are in primary school. She sells shoes and cosmetics by catalog. She is asking for a loan in order to buy shoes, cosmetics, and she is going to buy some steel sheets for the kitchen roof.
She began her business a year ago. A women taught her to sell shoes. She had some savings and she used it to start fulfilling her orders. She goes about through the street of her community offering her goods.
Her business is important because she has income in order to pay the school fees for her children. She likes the business because she enjoys it, walking and making friends. She is proud of having her own business in order to be able to be keep an eye out for her children and with the earnings she can buy her children some toy that they like.
She is happy with the money she will receive from the loan as it gives her an opportunity to expand her business. She is going to buy shoes for ladies, men and children. Her dreams and hopes are to have a nicely finished house, roofing and painting, and that her children continue their studies.
The members of the group give thanks to Kiva and the Fundación Realidad for their loans, helping people to have new opportunities.
Previous Loan DetailsThis solidarity group is called “San Francisco” and consists of the following women: • Sras. Angélica and Yolanda will use their loans to buy live pigs to slaughter and then sell the meat by the kilo. • Sra. Graciela will buy undergarments for women and men. • Sra. Julia will buy catalogs and… More from San Francisco 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