Union De Cabecera Group
Update on Union De Cabecera GroupThe group “Unión de Cabecera” consists of 10 hardworking and responsible members. They live in a very small town called Cabecera, a place where the people are humble and modest. The name was chosen by the members because they consider themselves to be a unified group and they also included the place where they live.
María Josefa, or Doña Jose as she is affectionately called, is a member of this group. She is 37 years old and has been married for 13 years to Sr. Fernando, who works as a mechanic. They formed a family that includes two children who are in school. Doña Jose explains that she was with the group, left for a while, and then returned and rejoined the group. This time she is requesting a loan in order to buy two pigs. She says that if she had a little extra money, she would buy blocks and sheets of lumber for building a pen since has no place to keep the animals at the moment. Doña Jose says that this is the first time she will be raising pigs, so she is very pleased to be starting this activity because she wants to help her husband with the household expenses. Her only difficulty at the moment is that she does not have a pen to hold the pigs, but she hopes to get a loan in order to build one. For Doña Jose, one of her goals is to see her children finish their studies so that they can have better opportunities in life. She would like to see them study for a degree. Her earnings will be a significant help with the household expenses, her children's education, and other things.
The group “Unión de Cabecera” also includes the following members:
• Silvia, María Imelda, and Ángela will invest in their grocery stores.
• Flora will buy chickens and turkeys to raise and sell.
• Juan will buy sheep to raise and sell.
• Victoria will invest in stationery.
• Ma Concepción and Sandra will invest in chickens to raise and sell.
• Doña Manuela will buy pork cutlets and corn on the cob to prepare and sell.
All of the members are extremely grateful to Vision Fund (FRAC) and to Kiva for providing this loan.
María Josefa o Doña Jose, como le dicen de cariño, es integrante del grupo; tiene 37 años de edad y está casada desde hace 13 años con el señor Fernando quien trabaja de mecánico. Juntos han formado una familia con dos niños los cuales estudian. Doña Jose platica que ya había estado en el grupo aunque salió por un tiempo, pero nuevamente vuelve a integrarse él. Esta vez ha solicitado el crédito para comprar 2 cerdos y comenta que si le sobra un poco de dinero comprará block y lámina para hacer un corral ya que por el momento no tiene un lugar destinado para los animalitos. Cuenta que aunque es la primera vez que criará cerdos, está muy contenta de iniciar con la actividad ya que desea ayudar a su esposo con los gastos del hogar. Su única dificultad es que por el momento no tiene un chiquero para instalar a los puercos pero espera que con el crédito pueda construirlo. Para Doña Jose, una de sus metas es que sus hijos terminen de estudiar para que tengan mejores oportunidades en la vida; le gustaría que sus hijos terminaran de estudiar una carrera. Sus ganancias le ayudarán significativamente ya que podrá ayudarle a su esposo con los gastos del hogar, la educación de sus hijos, entre otras cosas.
El grupo "Unión de Cabecera" está conformado por: Silvia, María Imelda y Ángela quienes invertirán en sus tiendas de abarrotes; Flora comprara pollos y guajolotes (palabra más usada para referirse a los pavos) para cría y venta; Juan comprara borregos también para cría y venta; Victoria invertirá en papelería y Ma Concepción y Sandra invertirán en pollos para cría y venta. Finalmente, Doña Manuela comprará puerquitos y elotes preparados para venta. Todos los integrantes están muy agradecidas con Vision Fund (FRAC) y KIVA por el crédito otorgado.
Previous Loan DetailsThe Unión de Cabecera village bank is a group of hardworking, responsible women. They all have businesses in which they invest their loans. Angela will invest in her general store, Flora will buy chickens and pigs, Manuela will buy corn to sell every afternoon, Victoria will invest in her… More from Union De Cabecera 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.
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