Update on Zacapalco GroupSeñora Norma is 35 years old. She is married with two sons. The elder is attending secondary school, and the younger is two years old.
Norma sells tamales, bread and yogurt. She is requesting a loan to purchase flour, butter, sugar, yeast, corn, meat, and lard. She started her business four years ago. She signed on with a baker and saw how to prepare bread, and in this way she learned to bake bread and her mom taught her to make tamales. She enjoys baking bread and selling it. She sells her customers sweet bread, rolls, holiday bread with nuts and raisins, and tamales. Her business is important to her, because she gets income for her son who is attending school. She is proud of her business, which used to be a partnership, but the partners didn't work out, so she left the partnership and kept the business. Her dreams and hopes are to build some rooms for her sons, and to repair the bathroom. She also dreams and hopes for her sons to study and have a career.
The members of the group want to say to Kiva and Fundación Realidad, “we thank you for helping us with these loans, because they are helping us to move forward in life."
The photo was taken at Señora Verónica's business, which is a sweet stall.
La fotografía fue tomada en el negocio de la señora Verónica quien triene un puesto de dulces
Previous Loan DetailsThis solidarity Group is called Zacapalco. It is maD. up of Sra. Maria Emelia, who is going to buy flour, butter, vegetables, meat, chicken, curd, cheese, and cream; Sra. Verónica who is going to buy sweets; Sra. Norma who is going to buy corn, butter, leaves for tamales, meat, tomatoes, and green… More from Zacapalco 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