Para Siempre Group
Update on Para Siempre GroupMaría Concepción is 36 years old and is married to Guadalupe, who is a teacher. This couple has 3 children: a 14 year-old son and a pair of 6 year-old twins. María Concepción is a merchant; she has a store in the central market where she sells beef. Depending on the quantity of sales she has, there are times when she has to slaughter a cow; this happens about 2 or 3 times a week. María Concepción is planning on improving her business; she already has 3 people who help her do the slaughtering. After 5 years of experience, one of her main goals is to have more cows on reserve, and to buy some equipment that is used in her business, which is a meat grinder to make ground meat, and a machine to cut the meat.
María Concepción is a member of the group "Para Siempre," which is made up of 11 people who will be mentioned below, along with their economic activity. They are: Paula, who sells food; Jorgina, who sells bread, María Concepción, who sells meat; Quintana, who sells bread; Itzel, who sells food; Danelia, who sells woven leather sandals for men and women; Norma, who sells groceries; Eridia, who sells cosmetics; Celsa, who sells shoes; Ma de Rocio, who sells chilate (a corn-based beverage); and Ricarda, who sells sweets and clothing.
María Concepción es integrante del grupo "Para Siempre", dicho grupo está integrado por once personas que a continuación serán mencionadas junto con su actividad económica: Paula vende comida; Jorgina, pan; María Concepción, carne; Quintina, pan; Itzel, comida, Danelia, huaraches para dama y caballeros; Norma, productos de abarrotes; Eridia, cosméticos; Celsa, zapatos; Ma del Rocio, chilate y Ricarda, dulces y ropa.
Previous Loan DetailsRicarda is a 38-year-old married mother of one daughter, Alberta, who has Down's Syndrome. Her husband, Silvino, is a field worker. She has been selling candy for 5 years, and will invest her loan in purchasing new candy, chips, juice, etc. Ms. Ricarda would like for her business to grow. She hop... More from Para Siempre 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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