Update on Mu'ssha GroupVenancio, 70, is from a picturesque village with a great culture, the Mazahua. He’s part of a group called “Mu’ssha.” He says that they chose that name because they used to invest in sheep and that’s what that word means in the Mazahua tongue.
He’s been a carpenter for over twenty years. He says that because of the lack of employment a friend taught him how to work the wood so that he’d have a more secure job. He relates that he makes tables, chairs, benches, doors and windows as well as many other things out of wood . He says that he likes his work very much because he’s been able to support and move his family ahead through it.
He’s asking for a loan to buy wood, glue and nails to make his creations. He says that he’d like to have a space in the city to have his shop and be able to sell his creations. He says that he sells his creations in various towns and that he sells them for very good prices.
He is grateful for the loan because it will help him earn profits to give his wife a better quality of life and to buy her the medicine she needs because she’s sick.
The other five group members are called Aurelia, Josefa, Elpidio, Aurelia and Maria Eduviges. They will invest in their businesses of buying and selling bread, grocery items, supplies to make traditional clothing, to buy various candies to sell outside schools and to buy wood and beaded costume jewelry.
Los otros cinco integrantes del grupo se llaman Aurelia, Josefa, Elpidio, Aurelia y Maria Eduviges ellos invertirán en sus negocios de compra y venta de pan, artículos para abarrotes, material para hacer prendas artesanales, en compra de diferentes dulces para venderlos fuera de las escuelas y en compra de bisutería en madera y chaquira.
Previous Loan DetailsAurelia is originally from the community of Francisco Serrato, located in the state of Michoacan. It is a locality that is rich in pine trees and it has a beautiful view of its forests. Here, the Mazahua language and clothing are predominant. Aurelia says that she is an artisan who produces ladies'… More from Mu'ssha 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