La Ilusion De Huitzililla Group
Update on La Ilusion De Huitzililla GroupThe group members are still doing the activities they have been carrying out up to now. Delfina is 55, married, and has eight children: two girls and 6 boys, all married and working.
She sells Tupperware, perfumes and Jafra cosmetics by catalog. She also sells bread, and goes out to sell her products on the streets of her community. Her bread business was her father's; but he died, so she continued with the business. Her business is important because she makes profits, and it is very well-known for the flavor of the bread.
She started her business 14 years ago when a girlfriend invited her to sell Jafra products and Tupperware. She feels proud to sell bread, and to finish selling all her merchandise. She is happy about the loan she is going to receive, and will use it to buy merchandise to sell.
The group members wish to say to Kiva and Fundación Realidad: “Thank you for your help. With your loans we can make the businesses grow."
Previous Loan DetailsThis solidarity group is called 'La Ilusión de Huitzililla'. It is located in the community of Huitzililla, Ayala, in the State of Morelos, Mexico. The group has 9 female members who know each other and are neighbors. The members are: Ángela F. L. who will use her loan to buy a cow, sugar and… More from La Ilusion De Huitzililla 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