Las Palmeras Group
Update on Las Palmeras GroupAdela is 48 years old and married. She has one son named Sergio in his first year in high school. Her husband is named Gerardo and is a taxi driver. She works in retail selling candy and popsicles and she says that it is going well. She has had the business for six months and she will invest in the purchase of candy and popsicles of various flavors. She hopes that it will go well since she wants her business to grow more and the loan will be very useful since she likes working and helping her family.
Adela belongs to the group Las Palmeras (The Palm Trees) which has 10 hard-working members, two men and eight women. They all are involved in commercial activities and their names are Rafael, Berta, Adela, Mirna, Maria, Karina, Abias, Adela, and Manuel. They all have commercial activities such as the sale of animals, bedspreads, quilts, candy, groceries, hammocks, soft drinks, and perfume.
Adela pertenece al grupo las palmeras el cual esta integrado por 10 personas trabajadoras 2 hombres y 8 mujeres, todas cuenta con una actividad comercial a continuación serán mencionadas: Rafael, Berta, Adela, Mirna, Maria, Karina, Abias, Adela, Manuel, Todas tienen actividades comerciales como son: venta de animales, sobrecamas, colchas, dulces, abarrotes, hamacas, refrescos, perfumes.
Previous Loan DetailsMaría is 60 years old. She is a single mother with 5 children, who are all married and independent. Her children provide her with economic assistance, which María greatly appreciates. However, she is a hard-working woman, and for the past 7 years, she has operated a business selling meals and sof... More from Las Palmeras 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