Espiga Y Luna Group
Update on Espiga Y Luna GroupAll of the members are still developing the same businesses. Señora Graciela Silvia is 48. She is in a common-law marriage and her husband works in the fields. She has one son, age 26, who works. Graciela sells women's clothing. She requested this loan for the purchase of blouses, t-shirts, and women's underwear. She started her business one year ago so that she would have something to do and because she enjoys sales and providing good customer service. Her business is important because it provides an income for her family's well-being. She is proud of having her own business, and very happy to be getting this loan because it will provide her with the opportunity to stock her business and make it pretty. She will be able to provide a good service to the young women and housewives. Her hopes and dreams are for her whole family to be happy, united, and healthy. The group members would like to tell Kiva and the Fundacion Realidad: "Thank you for these loans. You are helping us to get ahead and reach our goals. We hope you keep helping those who ask with their loans."
Previous Loan DetailsThis solidarity group is called Espiga y Luna. It is made up of: Señora Marlen who with her part of the loan is going to buy ladies' and men's underwear; Señora Lucia who is going to buy demijohns of water; Ms Miriam Karina who is going to buy used clothes by the bale; Señora Armanda who is goi... More from Espiga Y Luna 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