Flores De Rio Group
Update on Flores De Rio GroupAusencia is 60 years old, married, and has four children. Adilene is in her second year of CBTA (an upper-middle level agricultural education institution), Neli is in her fourth year of elementary school and Bryam is in the first year of pre-school. Her husband is called Sirenio and he is a builder. Ausencia's business is selling soft drinks and sweet treats. She says that her business is doing very well and she will invest her loan in buying different flavors of soft drink and sweet treats. Ausencia says that she would like to further expand her business but she will do it gradually and calmly. She hopes to continue making progress as she has up to now as her previous loan was very useful.
Ausencia belongs to the 'Flores de Rio' group which has twelve members: two men and ten women. They all work and their names are Virginia, Flor del Carmen, Celerina, Freddy, Nicolasa, Demecia, Igudina, Santos, Estela, Maria Elvia and Jennifer. They all have their own business activity such as: selling tamales, soft drinks, bread, juice, sweet treats, pizzas, perfume, cosmetics, meat, etc.
Ausencia pertenece al grupo flores de rió el cual esta integrado por 12 miembros dos hombres y diez mujeres las cuales todas trabajan a continuación serán mencionados: Virginia, Flor del Carmen, Celerina, Freddy, Nicolasa, Demecia, Igudina, Santos, Estela, Maria Elvia, Jennifer, todos realizan una actividad comercial como son: tamales, refrescos, pan, jugos, dulces, pizzas, perfumes, cosméticos, carnicería, etc.
Previous Loan DetailsCelerina, a widow, is 56 years old. She studied until the junior year of high school. She has three sons in school. Joel is a junior in high school, Margarita is a sophomore, and Eduardo is in the 6th grade. She is in the business of selling grocery items. With the money from the loan she will... More from Flores De Rio 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