Las Margaritas 2 Group
Update on Las Margaritas 2 GroupDomitila is a responsible and hardworking person who is 49 years old and is married to Gregorio, who works in construction and also in agriculture. They have 3 children. Never, 25, and Gregorio, 20, both help their father, and her daughter Adilene, 22, helps her mother. None of them are in school.
Domitila is a trader and she works selling bread which she delivers every other day of the week: Mondays, Wednesdays and Fridays. As she doesn't have a store, in order to sell she has to go out selling door-to-door. However, she says that if her sales are good, she goes out to sell in one part of town and her daughter sells in another. She believes that she does better this way than if she had her own oven to make the bread.
Domitila is a member of the communal bank "Las Margaritas 2," which is made up of 12 very hardworking women who are capable of getting ahead for their families. They are mentioned below, along with their type of business. Bertha sells clothing, Domitila sells bread, Marcela sells food, Isabel sell perfumes, Magally sells pizza, Divina sells clothing, Monica sells food, Eulalia sells tacos, Maximina sells soft drinks, Herminia sells fruits and vegetables, Maria de los Angeles sells vegetables, and Ignacia sells perfumes.
Domitila es comerciante y se dedica a la venta del pan pues se los entregan cada tercer día en la semana que son los lunes, miércoles y viernes como no tienen un local por ejemplo para vender tienen que salirse a andar vendiendo por las casas pero aun así dice que si vende bien pues su hija se va por un lado y ella se va por otro ella cree que le va mejor así, que tener su propio horno para hacer el pan.
Domitila es integrante del grupo Las Margaritas 2 el cual está integrado por 12 mujeres muy trabajadoras que son capaces de salir adelante por sus familias, a continuación serán mencionadas y cada una de las actividades que realizan: Bertha vende ropa, Domitila vende pan, Marcela vende comida, Isabel vende perfumes, Magally vende pizza, Divina vende ropa, Monica vende comida, Eulalia vende tacos, Maximina vende refrescos, Herminia vende frutas y verduras, Maria de los Angeles vendes verduras, Ignacia vende perfumes.
Previous Loan DetailsEulalia is 32 years old and married. She has seven children, some of whom are in school: Alexis is in her second year of preparatory school, Joel is in his third year of secondary school, Magali is in her third year of secondary school, Jonathan is his first year of secondary school, Larissa i... More from Las Margaritas 2 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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