Los Encinos Group
Update on Los Encinos GroupLuisa is 43 years old and says that she is part of the Los Encinos group; they have this name because where they live there are many encino trees. She is originally from Barranca a place that is full of vegetation and the main work activity is breeding and selling lambs, turkeys, cows and harvesting avocadoes. Luisa says that she did not have the means to get an education since her parents did not have enough money to send her to a school since it was too far away and did not have enough for transportation. She has worked for over 10 years breeding lambs, turkeys and chickens, she also has a small avocado orchard that she tends to and sells the fruit during the harvest season. Luisa says that she needs a loan to buy small turkeys and feed; she says that she breeds them all year long and when they are big sells them in her home or at a nearby central market. Luisa sells more turkeys during December for the end of year celebrations and in July when school is out.
The other nine people in the communal bank are named Eulalia, María del Carmen, María, Alicia Dolores, María Angélica, Lorena, Antolina, Ricarda and Adela. They will use their loans to buy feed and vaccines to fatten up the lambs, buy lambs, feed for pigs, and buy pigs.
Las otras nueve personas se llaman Eulalia, MarIa del Carmen, MarIa, Alicia Dolores, María Angélica, Lorena, Antolina, Ricarda y Adela. Ellas invertirán sus créditos en alimento y vacunas para engorda de borregos que venden, compra de borregos, alimento para puercos, compra de puercos.
Previous Loan DetailsMaria is originally from an area called La Barranca, a beautiful place with spectacular landscapes. She’s part of a group called El Encinal and she tells us that the members decided to name it that way because there are many oak trees (Encino in Spanish) in the place when they hold their meetings.… More from Los Encinos 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