El Guayabo Group
Update on El Guayabo GroupVicenta is a modest and very hardworking woman. She is 52 years old and the single mother of one child who has his mother's support to continue with his studies.
Vicenta sells bread. She has had this business for 17 years. She plans to invest her next loan in buying supplies to make bread. Vicenta tells us that it will benefit her in improving her quality of life. One of her objectives for her business is to be able to increase her sales as well as her profits.
Vicenta is a member of the El Guayabo group, made up of 11 members here named: Eugenio, María Divina, Sonia, Sabina, Vicenta Valeriano, Romelia, Vicenta Zamora, María Félix, Francisco, Mirna, and Alfredo. They sell bread, beverages, pork cracklings and gelatin, corn, pork, flowers, fish, sweets, and tacos.
Vicenta se dedica a la venta de pan, tiene 17 años con su negocio, piensa invertir su próximo préstamo en la compra de insumos para la elaboración de los panes, Vicenta nos cuenta que le beneficiará en mejorar su calidad de vida, una de sus metas que tiene para su negocio es poder incrementar tanto ventas como ganancias.
Vicenta es integrante del Grupo El Guayabo y está conformado por 11 integrantes que a continuación se mencionan: Eugenio, María divina, Sonia, Sabina, Vicenta Valeriano , Romelia, Vicenta Zamora, María Félix, Francisco, Mirna y Alfredo, lo cual se dedican al comercio y venden: Pan, Refrescos, Chicharrones y Gelatinas, Maíz, Carne de cerdos, Flores, Pescados, Dulces y Tacos.
Previous Loan DetailsThis group is called El Guayabo. The members decided to give the group this name because it is the name of the community where they live. As they all come from this community, they chose it as their group name. This story is about Eugenio V. Ramírez since he is one of the group's members. Eug... More from El Guayabo 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