Update on Poetas GroupBeatriz, 29, has an 11-year old daughter in primary school. Beatriz is a member of Poetas (Poets) group and says that they chose the name because of the place they hold their weekly meetings. She comments that she likes to work as part of a team with the people in Poetas because all are hard-working and responsible and come on time when needed. They also get together and support other members if he/she is unable to collect the money for the payments.
Beatriz has a beauty shop but only about a week ago she changed to another location since the rent was very high and she didn’t have enough money left to purchase the necessary supplies for her services. She says that she is requesting a loan from Vision Fund (FRAC) to buy assorted dyes, hair clippers, acetone, material for acrylic nails, liquids for making bases and items such as different size curlers. Beatriz normally purchases her products in various stores in Mexico City where she pays less and thus earns more. She is very content because thanks to the loan she will have materials to do her designs for people, haircuts, coloring, highlights, ribbons, permanents, bases, hairdos for special occasions, manicures, pedicures, etc.
The other twelve members are: Guadalupe, Rodrigo, Irma, Ricarda, Teresa, Eduardo, Elizabeth, Maria Alejandra, Pablo, Janet, Ana Gabriela and María Guadalupe . They use their money in different businesses such as inventory of different brands and styles of shoes, beauty products, replacement parts, purchase and sale of sweets and seeds, purchase and sale of seasonal fruit and vegetables, purchase and sale of men’s and women’s clothing and shoes, purchase and sale of chicken by the kilo, purchase and sale of women’s clothing, and purchase and sale of frozen food.
Beatriz tiene una estética haceapenas una semana cambió de establecimiento ya que donde estaba la renta era muy alta y no le quedaba dinero suficiente para seguir surtiendo sus los productos necesarios para su servicio. Dice que esta pidiendo un crédito a Vison Fund (FRAC) para comprar tintes de diferentes colores, una máquina para cortar el pelo, acetona, material para poner uñas de acrílico, líquidos para hacer bases y herramientas como tubos de diferentes tamaños. Beatriz normalmente adquiere sus productos en diferentes tiendas de la ciudad de México donde le dan precios más bajos pues así obtiene más ganancias. Ella está muy contenta porque gracias al crédito tendrá material para hacer sus creaciones con la gente, los servicios que ella ofrece son cortes de pelo, tintes para pelo, elaboración de rayitos, listones, alaciados permanentes, bases, peinados para ocasiones especiales, manicure, pedicura etc.
Los otros doce integrantes del grupo se llaman Guadalupe, Rodrigo, Irma, Ricarda, Teresa, Eduardo, Elizabeth, Maria Alejandra, Pablo, Janet, Ana Gabriela y María Guadalupe ellos invertirán sus créditos en diferentes actividades económicas como para la compra de zapatos de diferentes marcas y modelos para su venta, para surtir productos de belleza para estética, surtir artículos para refaccionaria, compra de dulces y semillas para su venta, compra y venta de frutas y legumbres de temporada, compra y venta de ropa y calzado de dama y caballero, compra y venta de pollo por kilo, compra y venta de ropa para dama y compra y venta de congelados.
Previous Loan DetailsIrma is a member of the Poetas group. The members of the group tell us that they chose this name because it is the name of the area where they meet. Irma is 42 years old and has three dependent children. She tells us that she has owned an auto parts store for 19 years. She and her husband b... More from Poetas 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