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Las Turquesas Group
In this Group: Maria Del Rosario, Vila , Javier Inocencio, Faustina, Silviana, Martha Leticia

Update on Las Turquesas Group

Silviana is single and lives in a town that celebrates the feast day of Santo Domingo on April 25th. She requested the loan to buy merchandise to stock her grocery store that she’s had for ten years and that she comments she does well in because her income has improved very much.

She started out on her own initiative because she also wants to help her parents with household income and she states that she’s also done well here in that she’s been able to take care of some debts. What she wants is that with income and the loan she requested her small business will continue growing.

The group members are: María del Rosario who will invest the loan in fast food and will buy clothes to sell; Javier who will invest in notions and bonnet supplies; Faustina who will invest in fast food and Martha Leticia in catalogue sales of Terra brand shoes.
View original language description ↓


La señora Silviana es soltera vive en un pueblo en la que celebran la fiesta del santo domingo el veinticinco de abril.

Ella solicito el préstamo en la compra de mercancía para surtir su negocio de abarrote en donde lleva trabajando diez años en la que comenta que le va bien ya que con ello ha mejorado muchos sus ingresos.

Ella inicio por sus propios meritos ya que también quiere apoyar a sus padres con los ingresos de la casa en donde comenta que le va bien ya que con ello a cubierto algunas deudas.

Lo que ella desea es que con sus ingresos y el préstamo que solicito siga aumentado su pequeño negocio.

Las personas quienes integran en el grupo son: María del Rosario invertirá el préstamo en antojitos, invertirá en compra y ventas de ropas, Javier invertirá bonetería y mercería, Faustina invertirá en antojitos, Martha Leticia venta de catálogos de zapatos de la marca terra.

Previous Loan Details

The group is called Las Turquesas [Turquoise] and is made up of five people, and each of them does different work. The featured member is Vila, who is married to Teodoro, and has three children with him. Of the children, two are already married, and one is still in their care. Vila requests t... More from Las Turquesas Group's previous loan »

Additional Information

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.

About Mexico

  • $11,249
    Average annual income
  • 7
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    Funds lent in using Kiva
  • 13.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Turquesas Group's $1,950 loan helped a member to buy stock merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Jan 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012