El Cacique Group
Update on El Cacique GroupNemesia is 32 years old and a member of the El Cacique group. She says that they picked this name because there is a mountain near the place where they meet and it has that name. It’s also representative of its population.
She raises and sells avocados and that she began this business because she had a large parcel of land and also wanted to help her husband with the household expenses. She says that she goes out to sell in the local supply centers during the harvest season. She also says that she desperately needs to request a loan through Vision Fund (FRAC) in order to buy supplies to improve her avocado production, now that blight has his several of her trees. She needs this loan so that the fruit doesn’t fall, otherwise she will have losses instead of gains. She says that she will buy insecticides, organic fertilizers, and 30 more avocado plants to plant. She talks about increasing the size of her orchard and begin planning peaches now that she is doing good business. The other 19 members are Isidra, María Cristina, Laura Cecilia, María Teresa, Alicia, Araceli, Yazmin, Belén, Elsa, Ma Guadalupe, Alberta, María Guadalupe, Rosalba, Jannet, Patricia, Tatiana, Mónica, María and María Guadalupe Eziquio. They will invest their loans into supplies for raising avocados, different seasonal fruits to sell by the kilo, cattle feed to get better quality milk, buying chickens and feed, items to stock grocery stores, different type of clothing for ladies, and gentlemen.
Previous Loan DetailsMaría Guadalupe Mondragón Ángel belongs to the 'El Cacique' group. She says that the members gave the group this name because very close to their town there is a hill with this name so they decided to give the group the same name. Lupita, as she is known by her neighbors and acquaintances, is… More from El Cacique 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