El Limoncito Group
Update on El Limoncito GroupThe group "El Limoncito" ("The Little Lime") is located in front of a dam, which still has water, even if just a little. The area where "El Limoncito" finds itself is called Nenaxi, a place where people are very humble and hardworking. The group is composed of nine very hardworking women. They chose the name of the group themselves, as the place where they used to meet had a little lime tree.
Doña Benita who is the representative of the group, was previously in the group and has recently returned to it. Benita tells ust hat she is 57 years old, married to Miguel, and together they have a family with seven children. She works in the making of tortillas, and though she recently started the business she tells us that she has not had any difficulties up until now. She mentions that the credit will be of great help to her because she will be able to buy corn and gas as current prices for these products are very high. Doña Benita would like her business to grow, "but more then anything I would like to become the best tortilla maker in Nenaxi and I would also like for my quality of life to improve economically."
Doña Benita and the other members of the group are very happy and grateful for Vision Fund (FRAC) and Kiva for the loans provided, as each member will be able to invest in the activities that they were already performing. The other new member of this group is María Almita, who will use her loan to invest in sheep.
Doña Benita quien es la representante del grupo, ya había estado anteriormente en la agrupación, pero ahora vuelve a integrarse. Benita nos cuenta que tiene 57 años de edad está casada con el Señor Miguel y juntos formaron una familia con siete hijos. Ella se dedica a la elaboración de tortillas, aunque apenas inició con el negocio, comenta que no ha tenido ninguna dificultad hasta el momento. Menciona que el crédito le será de gran ayuda porque podrá comprar maíz y gas ya que en la actualidad los precios de los productos son muy altos. A Doña Benita le gustaría que su negocio creciera "Pero lo que más me gustaría, es llegar a ser la mejor tortillera en Nenaxi y también me gustaría que mi calidad de vida mejore económicamente".
Doña Benita y las demás integrantes del grupo están muy contentas y agradecidas con Vision Fund (FRAC) y Kiva por el crédito otorgado ya que cada una podrá invertir en las actividades que ya estaban desempeñando. La otra integrante que se une al grupo es María Almita quien invertirá su crédito en borregos.
Previous Loan DetailsThe "Limoncito" group is located opposite a large reservoir. People fish there in the mornings and the reservoir also serves the purpose of supplying water to fields of crops. They are irrigated fields. The Limoncito group obtained a loan to invest in their businesses. There are nine women in… More from El Limoncito 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