El Jardin Group
Update on El Jardin GroupThe new group members are Reina who will use her loan to buy ears of corn, Marisol who will buy blank sheets of paper, toner for the printer and pay Internet access fees, Esbeybi who will buy a large board and a griddle, María Esther who will buy tables, chairs and a three-wheeled cart; the rest of the group are working in their activities that they are developing.
Esbeybi is 27 years old. She’s married and has two boys, one in elementary school and the other in preschool. She sells hand-made tortillas, gorditas, picaditas, dobladitas [traditional Mexican fast food snacks]. She requested her loan to buy corn, lard, oil, meats, a large board, chairs and a griddle. She started her business five years ago. Her mother had the same kind of business and she taught her how to make tortillas by hand and to cook. Her business is important because she likes to sell and she has work. She feels proud that she knows how to make hand-made tortillas. Her customers are neighbors, students and field hands. She tends to them well and prepares snacks with love so that they will taste good and customers will return. She’s planning on buying a large board, tables and chairs and intends to do so with the loan.
The group members want to say to Kiva and to Fundación Realidad: “We are grateful for the loans. You think about people of few resources and help us get ahead with our businesses. Thank you for trusting us.”
Previous Loan DetailsThis group is called El Jardín (The Garden) and is located in the community of Marcelino Rodríguez, Axochiapan in the state of Morelos, Mexico. It consists of seven female members who know each other and are neighbors. The members are Bibiana Hernández Hernández, who is planning to use her loan to… More from El Jardin 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