San Marcos Group
Update on San Marcos GroupSra. Saturnina is 33 years old and in a common-law relationship with her husband. They have a 14-year-old son who is not in school. Saturnina makes pottery, such as casserole dishes and cooking vessels. She is requesting her loan so that she can buy clay, firewood, and glaze. Saturnina learned this business 20 years ago as a young woman from her grandparents who worked with clay. She watched and learned how these items were made. Her business is important because it enables her family to get ahead. The money from her business sales pay for food and reinvestment into her business. She feels proud whenever her products, such as casserole dishes and pots, turn out to be beautiful. Her husband and children help with the clay.
Saturnina's business is well-known because of the quality of the products she makes in her community. She will use her earnings to pay for all of the food her family consumes every day and part of the money will be used to buy sheets of cardboard to use around the house. Saturnina is happy with the loan she will receive so that she can buy the materials for her work.
The members of this group would like to tell Kiva and Fundación Realidad, "Thank you for these loans. Thank you for your support because we are able to move forward with our businesses and our families."
Su negocio es conocido porque ya desde antes conocen la calidad de los productos que elaboran en su comunidad, ella utilizará las ganancias para la comida de todos los dias y otra parte la utilizara para comprar laminas de cartón para su casa.
Ella está feliz con el préstamo que va a recibir lo va a utilizar en comprar los materiales para ir trabajando. Los integrantes del grupo quieren decirle a Kiva y a Fundación Realidad “gracias por sus préstamos, gracias a ustedes a su apoyo podemos salir adelante con los negocios y con las familias”.
Previous Loan DetailsThis community bank is called 'San Marcos'. Saturnina, Marina and Basilia are members of the bank and they will use their loan to buy clay and white clay to make pitchers, casserole dishes and flowerpots. Víctor will buy firewood, clay and paint to make casserole dishes. Marina is 40 years… More from San Marcos 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