Las Nenas Group
Update on Las Nenas GroupYolanda, an enthusiastic and cheerful woman, wants to get her family ahead, and that is her priority despite the adversities that she has had moving her business forward. Yola, as her friends call her lovingly, is 52 and part of the group called “Las Nenas” (the Girls) She says that her companions chose this name because in this group all the women are thought to be pretty and lively and cheerful. She has had a grocery store for 7 years and she set it up to have a little more income to help her husband.
Now she tells us she is having problems because 8 months ago she started to lose her sight because of her diabetes and so she will have surgery in a few days. She says that she is a little nervous but she prays to God that her operation will come out well since she needs to have the cataracts removed. She tells us that she badly needs the loan so that her store will be well supplied. This is because there will be days when she can’t leave after the surgery and will then spend all her time in the store instead of going out to sell typical snack foods on weekend evenings. She will use the loan to buy milk, eggs, sugar, beans, cans of tuna and sardines, oil, soap, etc. One of her dreams is to expand her business and to have a little of many products so that the people in her neighborhood don’t have to travel to other areas to buy their staple items. She is married to José Antonio and he helps her a lot with her business. They have an 18-year old son who is in high school.
The other eleven members of the group are: Rosalba, Alma Yanet, Lizbeth, María Minerva, Gloria, Alicia, María del Socorro, Celia, Claudia Minerva, Alma Delia and María Beatriz. They will use their loans to buy bedspreads, purses, typical snacks, sweets, fried foods, juices, shoes through catalogs and supplies of beauty products and perfumes, ingredients to make popsicles, oysters, etc.
Las otras once integrantes del grupo se llaman Rosalba, Alma Yanet, Lizbeth, María Minerva, Gloria, Alicia, María del Socorro, Celia, Claudia Minerva, Alma Delia y Ma. Beatriz, ellas invertirán sus créditos para la compra de colchas, bolsas, antojitos mexicanos, dulces, frituras, jugos, zapatos por catalogo, surtir productos de belleza y perfumería, insumos para hacer paletas de hielo, ostionería, etc.
Previous Loan DetailsMrs. Minerva is part of the group Las Nenas, she sells used clothing, second hand electrical appliances, and by night she has a taco stand where she sells beef and steak tacos and tacos al pastor (traditional pork tacos). She has been doing this for over 2 years and says that she started th... More from Las Nenas 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