La Flor Group
Update on La Flor GroupThe new members of the group are Leonor Cecilia who is going to use her loan to buy blouses, skirts, sweaters, and pants and underwear, and Candida, who is going to buy peanuts wholesale. The rest of the members are still doing their previous activities.
Leonor Cecilia is 54 years old. She is married and her husband sells yogurt. They have 4 children, 2 boys and 2 girls, who are all adults. Three of them are married and one son is single.
Leonor Cecilia sells clothing. She is requesting this loan to purchase sweaters, pants, blouses, skirts, men's jackets, pants for men, women and children, and underwear. She started her business 15 years ago when she needed to support her family since her children were in school and expenses were high. She started off selling underwear. Then people requested skirts. She worked by the order since she didn't have much cash. The business grew and she saved money to invest in her merchandise and now her business is bigger. Twice a week she goes to the center of her community to sell clothing on Tuesdays and Fridays. Her business is important because they live off it, they meet people, and she is her own boss. She likes to sell and provide good service to her customers so that they return. Her husband helps her set up her stand and a daughter in law helps attend to customers. She feels proud to be able to help her children and grandchildren. She can give them a jacket or pants as a gift.
Her business is known for good prices. She provides her customers with the items that they like or what is in style, and she lets them pay in installments. She is happy with this loan for the opportunity it provides to expand her business and have it well-stocked. The members of the group want to tell Kiva and Fundación Realidad "thank you very much for supporting us. In this way many families are working without as much economic pressure and it helps improve our lives".
**Maria Teresa, who was part of the prior loan, appears in the picture but decided not to be part of this loan.
**EN LA FOTO APARECE LA SEÑORA MARIA TERESA, QUIEN ESTUVO EN EL PRÉSTAMO ANTERIOR Y ÉSTA VEZ DECIDIO NO TOMAR EL PRESTAMO**
Previous Loan DetailsThis solidarity group is called “La Flor” (The Flower) and consists of the following members: • Sra. Gudelia will use her loan to buy flour, paint, bags, ribbons, and oil for making wafers. • Sra. Gudelia Elizabeth will buy clothing, trousers, blouses, and skirts. • Sras. María Teresa and Efrén… More from La Flor 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
- Repayment Term
- 5 months (Additional Information)
- Repayment Schedule
- Dec 2, 2011
- Dec 28, 2011
- Currency Exchange Loss:
- Apr 15, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.