Update on Xochicalco GroupNorberta is going to use her loan to buy bread, Sabritas-brand potato chips, sodas, and yogurt. The rest of the members continue with their jobs. They thank Kiva and Visión Fund for their loans.
Evarista, 72, is a widow and has three children, a woman and two men who are already married. She has a grocery store for fruits and vegetables.
She requested her loan to buy sugar, rice, eggs, chiles, tomatoes, oranges, and sodas to stock her store and give her customers good service. Her business is important for her because she helps herself and has income to buy food for her family. In addition, she is planning to expand her business and continue buying more merchandise to have the store well stocked.
Evarista is happy with the loan she is going to receive. Her dreams and hopes are to continue working to have her income and, God willing, for her business to grow and her children to not need anything.
La señora Evarista tiene 72 años de edad, ella es viuda y tiene 3 hijos 1 mujer y 2 varones ya casados. Ella tiene una tienda de abarrotes, frutas y verduras, por lo que solicitó su préstamo para comprar azúcar, arroz, huevo, chiles, jitomates, tomates, naranjas, refrescos para surtir su tienda y dar buen servicio a sus clientes. Para ella, su negocio es importante porque se ayuda y tiene ingresos para comprar comida para su familia. Además, está planeando ampliar su negocio y continuar comprando más mercancía para tener bien surtida la tienda. Evarista está contenta con el préstamo que va a recibir. Sus sueños y esperanzas son seguir trabajando para tener sus ingresos y, si Dios quiere, que crezca su negocio y que a sus hijos no les falte nada.
Previous Loan DetailsThis communal bank is called “Xochicalco.” Its members are: Valentina who will use her loan to buy ladies’, men’s and children’s shoes and catalogues; María de Lourdes who will buy soap, eggs and sugar; Isabel who will buy oranges, carrots and a juicer; Evarista who will buy avocadoes, lemons and… More from Xochicalco 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