La Palma De Calmeca Group
Update on La Palma De Calmeca GroupThe new members of this group are Arcelina, who is going to buy natural products from Herbalife with this loan, and Elena, who is going to buy seeds, including cumin, clove, almond, peanut, and pumpkin seeds. Young Arcelina, 19, is single and has no children. She has a nutritional club, and she is requesting this loan to buy nutritional Herbalife products. She decided to start her business 2 years ago, seeing that her family was lacking financial resources. She bought her products with the last scholarship she received when she was in high school. Her business is important because it helps people to care for their health. She enjoys helping her customers by giving them good nutritional advice. She feels proud that her products help people's health, and when new customers arrive she provides recommendations for them. She is content with this loan that she is going to receive, because it will enable her to buy new products to increase her business so that she can provide better service to her customers. Her business has helped her family, because she is able to give her mother money to buy food. Her hopes and dreams are to grow her business to have more customers and enroll more people in other communities. The members of this group give thanks to Kiva and to the Vision Fund for these loans. Thanks to you, they will be able to grow their businesses and live better with their families.
Previous Loan DetailsThis communal bank is named La Palma de Calmeca. Ogilve and Paulina are members who will use the loan to buy palm. Eduarda will buy pumpkin seeds, allspice, peanuts, cumin seeds, black peppercorns, and garlic. Paula will buy items made from palm. Ogilve is 42 years old and married. Her… More from La Palma De Calmeca 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