Update on Jazmin GroupThe group “Jazmin” added 5 new members. They are also very hard-working and responsible women. They are very happy since the group has grown since the beginning. The members decided to name the group after Jazmins located a block from where they meet and the daughter of one of the members. They are very thankful that people are interested in their stories and are lending them money through Vision Found (FRAC) and KIVA to invest in their businesses.
Maribel will invest in bedspreads and bed sheets, Margarita will invest in her sewing business, Maria Alicia will buy materials for construction work, Lizbeth and Jazmin will invest in chicken livestock, Maura will invest in her Lenceria catalog business, while Mrs. Rosalia, Lizbeth and Maria Elena will buy sheep livestock, and Beatriz and Mirna will buy clothes to sell. Mrs. Flor as she is nicknamed is also a member of the Jazmin group. She is 54 years old, widowed, and has a daughter under her care. Mrs. Petra is very happy because she will have a daughter attending high school. Her daughter just took the test and will be enrolling soon. Her name is Dalila Jazmin. Mrs. Flor requested the loan to buy corn and gas for her tortilla business she has had for 7 years. When we asked her if her business has a name smiling she responded, “No, I never named it nor put signs up. Clients simply showed up. I never thought I would start a business but I knew a teacher that had an unoccupied locale and she motivated me to start the tortilla business since my mother taught me how to make them.”
She tells us that the only obstacle are the high prices of corn and gas but with the loan she will be able to purchase all that she needs. Dona tells us, “ I would really like to support my daughter so she can attend a university and get a job. I would also like to fix my house since it is incomplete. The floors still need tile and the outside still needs to be flattened. When we asked her if she would like to leave a message for the institution or our lenders she responded, “ Personally, I am very thankful for the offered loan since I will be able to increase profits, will be able to buy a grinder for tortillas, and will be able to transport everything I need to my tortilla shop.
Maribel quien invertiara en colchas y sabanas, Margarita invertira en su costureria, Maria Alicia invertiara en materiales para costruccion, Lizbeth y Jazmin compraran pollos para en cria para despues vender, Maura invertira en Leceria por catalogos, mientras que las señoaras Rosalia, Lizbeht y Maria Elena, comparar borregos para engorda y venta, finalmente Beatriz y Mirna compraran ropa para su venta.Doña Flor como le dicen de cariño tambien forma parte del grupo Jazmin nos palitaca que tiene 54 años de edad ya es una señora viuda pero aun tiene una hija que depende de ella, Doña Petra esta muy contenta porque pronto ira a la preaparaotoria nos paltica que hace poco hizo examen para entar a la preparatoria su hija se llama Dalila Jazmin, Doña Flor ha solicitado el credito para comprar maiz y gas ya que desde hace 7 años tiene una tortilleria cuando le preguntamos si tenia algun nombre su negocio sonriendo nos dijo "No nunca le puse nombre ni letreros solo llegaron mis clientes ya que ella nunca pense iniciar un negocio pero conocia auna maestra que tenia un local desocupado y ella fue la que motivo para inicair la tortillaria yaq ue era un buen negocio, porque yo sabia hacer tortillas que aprendi de mi mama"
nos platica que la unica dificultad a la que se enfrenta es el precio tan alto de maiz y gas pero con el credito le ayudara de mucho ya que podra comprar todo lo que le hacve falta. Doña nos cuenta " A mi me gustaria apoyar mucho ami hija para que estudie una carrera y algundia ella llegue a ser una profesinal tambien me gsutaria arreglara mi casa ya que esta muy desarregala le hace falta el azulego del piso, y el aplanado de afuera".
cuandole preguntamos si le gustaria dejar un mensaje para la institucion o nuestros inversinistas "Yo en lo personal estoy muy agradecida por el prestamo otorgado ya que de ahi he sacado muchas ganacias y pude comprar mi molino para mi tortilleria, tambien pude comprra un carro que aun estoy pagando poco a poco y me sirve de mucho ya que puedo trasportar todo lo que necesito para mi tortilleria."
Previous Loan DetailsThe members of the “Jazmín” group decided on this name as there are a number of beautiful jasmine trees at the home where they have their meetings. This group is made up of hard-working women who all work in commerce and have requested this loan to invest in their businesses. Lizbeth sells tu... More from Jazmin 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