Las Margaritas Group
Update on Las Margaritas GroupRosa, age 41, is single, but she has two children. Jesús, age 18, is in his third year of high school. Brisa, age 14, is in her second year of middle school.
Rosa sells clothes (on occasion she also sells flan and gelatin). She has had the business for nine years. Even since she was left single, she started taking care of her family.
She wants a loan to be able to stock her business and make it bigger. She has the business in her house so that she is able to spend time with her family.
Rosa is one of the members of “Las Margaritas” (The Daisies) communal bank. The communal bank is comprised of 11 hard-working women.
The members and their business activities are:
Vitorina: Sells tamales
Rosa: Sells clothes
Obdulia: Sells groceries
Alba: Sells meat
Silveria: Sells bread
Norberta: Sells groceries
Aurora: Sells groceries
Marcela: Sells groceries
Alfreda: Sells clothes
Adelfa: Sells groceries
Maria: Sells food
Rosa se dedica a la venta de ropa (en ocasiones también vende flanes y gelatinas), negocio con el cual tiene 9 años. Desde que quedo soltera empezó a ver por su familia. Quiere un préstamo para poder surtir su negocio y hacerlo más grande que tiene ahí en su casa para poder pasar más tiempo con su familia.
Rosa es una de las integrantes del Grupo las Margaritas, tal grupo está integrado por 11 mujeres trabajadoras que a continuación serán mencionadas y a la actividad a la que se dedican: Vitorina vende tamales, Rosa vende ropa, Obdulia vende abarrotes, Alba vende Carnes, Silveria vende pan, Norberta vende abarrotes, Aurora vende abarrotes, Marcela también vende abarrotes, Alfreda vende Ropa, Adelfa vende abarrotes y Maria vende comida.
Previous Loan DetailsAdelfa is 40 years old, married, and has 6 children, 4 of whom are in school. Mónica is in 5th graD., Víctor is in 4th graD., Citlali is in 3rd graD., Alexis is in the 3rd year of preschool, and Rumel is only 2 years old. She also has a 1-month old baby who has not yet been named. Her husband… More from Las Margaritas 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