Espiga Y Luna Group
Update on Espiga Y Luna GroupGraciela Silvia is a new member of the group. She is requesting her loan to purchase women’s blouses, skirts, and pants. The rest of the members are still engaged in their activities. Young Miriam Karina is 19 years old. She is unmarried and has one brother and one sister. She sells American clothing and Jafra perfumes. She is requesting her loan to purchase bundles of clothing and perfume to fill her orders. She started her business one year ago. At a friend’s invitation, she bought a bundle of clothing with the money given to her by her mother that she had saved, and went out to sell it at the open-air markets closest to her community. Her sister helped her sell the clothing. Her business is important because she earns money, enjoys herself, and gets to know different places. She uses her profits to re-stock her inventory of clothing and to buy food. She is happy with the loan she is receiving. She is going to stock her business with various styles of clothing so that her customers find what they are looking for. She dreams and hopes of building a house for herself and her siblings. The members of the group are grateful to Kiva and Fundación Realidad. "Thanks to your loans, our businesses are growing and our families live better".
Previous Loan DetailsThis solidarity group is called Espiga y Luna. It is made up of: Señora Marlen who with her part of the loan is going to buy ladies' and men's underwear; Señora Lucia who is going to buy demijohns of water; Ms Miriam Karina who is going to buy used clothes by the bale; Señora Armanda who is goi... More from Espiga Y Luna 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