La Presa Group
Update on La Presa GroupYeimi is from a community where the primary economic activity is the cultivation of Poinsettia’s, since the town is one of the primary exporters of this flower. It is also well known because it is very close to a popular tourist spot called the architectural zone of Zirahuato.
She is 32 years old and is married to José Luis, who is in construction. She tells us that she has 4 children, 3 of whom are in school. She and her husband work very hard to give them a better standard of living as she herself only studied to the third grade because her parents were unable to keep supporting her due to a lack of resources.
In order to get ahead with the household’s daily expenses, she makes caps, bags, and purses, but they are very peculiar in that she makes them from the rings off easy-open tin cans. She tells us that she recycles them and interweaves them with yarn or heavy thread, giving them the form of bags, purses, satchels, caps, etc. Sometimes there are people who sell the rings by the kilo.
She is requesting a loan to continue buying materials such as yarn, fasteners in various sizes, heavy threads, pins and aluminum rings. She states that she sells them in the country’s capital, where they go for a good price. On various occasions, she has sent her products to sell in the United States, where her relatives have sent for orders. She also notes that she has on occasion sewn items such as decorative napkins, or for placing the tortillas, carpets, cushions, tablecloths, etc.
She states that she is very happy to work with the financing company because, little by little, she is getting ahead. She would like to have her own home soon, as they are now living in her mother-in-law’s house.
Ella tiene 32 años de edad y está casada con José Luis el cual es albañil comenta que tiene 4 hijos los cuales 3 estudian y por eso ella y su esposo trabajan para darles una mejor calidad de vida ya que ella nada mas estudio hasta tercero de secundaria porque sus papas ya no la pudieron seguir apoyando por falta de recursos.
Para salir adelante con los gastos del hogar ella a diario hace gorras, bolsas, carteras pero estás son muy peculiares ya que las hace del anillo que tiene las latas de abre fácil dice que las recicla y con estambre o hilo grueso las va entretejiendo y les va dando forma de bolsas, carteras, mochilas, gorras etc. Y que abeces hay personas que ya venden los anillos por kilos.
Ella está pidiendo un crédito para seguir comprando material como estambre, cierres de diferentes tamaños, hilos gruesos, ganchos y anillo de aluminio, dice que las vende en la capital del país donde las vende a muy buen precio y que en varias ocasiones ha mandado a vender a Estados Unidos donde le han mandado hacer pedidos sus familiares, también dice que abeces hace costuras como servilletas para adornar o para poner las tortillas, carpetas, almohadones, manteles etc. Dice que está muy contenta de trabajar con la financiera por que poco a poco se está superando y que pronto ella quisiera hacer su propia casa ya que viven en casa de su suegra.
Previous Loan DetailsJuan, 48, is married and has two dependent children going to elementary school. He lives near a local archaeological zone. He comments that he has a candy stand at home and he’d like to enlarge it and sell a few groceries. He’s had his business for about three years and he says that he set up… More from La Presa 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.
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