Huexca Santa Cruz Group
Update on Huexca Santa Cruz GroupThe members of the group are continuing with their businesses. Eliza is 54 and lives with her partner. She has 10 children - 8 girls and 2 boys - with just one of her daughters studying at CBTA. Eliza rears pigs, chickens and turkeys to sell. She asked for a loan to buy cracked corn and animal food. She started her business 20 years ago out of necessity and lack of money. Her business is important as it brings in money for her daughter's education. She likes to keep animals to sell and she has already made money from this. Her business is popular because the majority of her community rears pigs and turkeys. Her partner and two of her daughters help her to feed the pigs. She uses her earnings to purchase things that they need around the house and for her daughter's education. Her hope and dream is to sell some pigs and to hold a graduation party for her daughter.
She is very happy that she is going to get this loan. She is going to buy food for her animals to fatten them up and get them ready for sale.
The members of the group want to say to Kiva and to Fundación Realidad “thank you for your loans, they offer us help and support for our businesses and our families to grow".
Previous Loan DetailsThis communal bank is called Huexca Santa Cruz and is made up of members Alicia, Maricela and Eliza who are going to buy sheep to breed; Gloria who is going to buy bracelets and gold rings; Rodolfo who is going to buy calves; Secorro who is going to buy milk to use making cheese and cream; Alejan... More from Huexca Santa Cruz 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