Update on Ocuituco GroupThe members of this group are continuing in the activities that they were involved in when they received their last loan. Celia is 33 years old, is married and has 2 children: a girl in primary school and a boy in high school. Celia sells cecina (dried, salted beef) in the streets of her community and is seeking a loan in order to buy beef so that she can prepare the cecina. She started her business 10 years ago. Her husband prepares the cecina, and she goes out and sells it.
This economic activity is very important for Celia because it plays a large role in helping to cover her children's school expenses and her basic household needs. She is proud to have her own business, even more so because it has been improving over the years. As an enterprising woman, she confronts the challenges of the high price of meat, as well as competition from other businesses. Her hopes and dreams are that her business grows and her children will have a better life with fewer worries.
The members of this group (Elena, Monica, Celia y Ana Lilia) want to send to Kiva and to the Vision Fund the following message:
"Thank you for your loans; it is very helpful that you make them available to us and care enough to help us grow our businesses."
Las integrantes del grupo (Elena, Monica, Celia y Ana Lilia) quieren enviar a Kiva y a Vision Fund el siguiente mensaje "Gracias por sus préstamos, es una ayuda que nos dan y se preocupan por ayudarnos a crecer los negocios".
Previous Loan DetailsThis group is called “Ocuituco.” The members are Elena who will use the loan to buy creams, perfumes and cosmetics, María who will buy beans, tortilla dough, corn and firewood, Mónica who will buy oil, sugar, eggs, cream, yoghurt and votive candles, Celia who will buy dried meat to stock her… More from Ocuituco 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