El Penjamo Group
Update on El Penjamo GroupElsa is 54 years old and married. Her husband, Gilberto, is a farmworker. He has a granddaughter with her who is in elementary school; her name is María Karleth.
Elsa is a shopkeeper. She sells vegetables and legumes, so she will invest her loan in buying vegetables such as chiles, tomatoes, potatoes, etc. She has had the business for four years already and she says that it is going very well for her. She hopes you will help her because she would like to increase her business.
Elsa belongs to the Penjamo group, which is made up of 10 people, all of them women mentioned here: Nélida, Antonia, María, Orfedelia, Ana, Verónica, Beatriz, Fulgencia, María Félix. All of them carry out a business activity such as selling clothing, food, vegetables, groceries, perfume, sweets, etc.
Ella es comerciante vende verduras y legumbres lo cual invertirá su préstamo en la compra de las verduras como son chile. Jitomate, papas, etc. ya tiene 4 años con el negocio y dice que le va muy bien con su negocio y espera que le ayude ya que quisiera incrementar su negocio.
Elsa pertenece al grupo penjamo que esta integrado por 10 personas las cuales todas son mujeres continuación serán mencionadas: Nelida, Antonia, Maria, Orfelia, Ana, Verónica, Beatriz, Fulgencia, Ma Félix todas realizan una actividad comercial como la venta de ropa, comida, verduras, abarrotes, perfumes, dulces, etc.
Previous Loan DetailsMrs. María is 66 years old, has 5 children, is married to Miguel, and works in the countryside.
She sells groceries in a grocery store. She will use her loan to stock her store with more sodas, juices, soap, oil, etc. She says this business has helped her maintain her family. María would li... More from El Penjamo 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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