Loma Linda Group
Update on Loma Linda GroupThe nine members of the group Loma Linda include Lucía, who will use the loan to buy fertilizer for her avocado trees; Marcel Yadira, who will buy tortillas, sabritas (fried potatoes), bread and sodas; and Elizabeth, who will buy tennis shoes and slippers. The remaining members of the group are continuing with their previous activities.
Benigno is 36 years old, is married and has two children (one boy and one girl, both of whom are in elementary school.) He sells shoes and clothes door-to-door in his community. He is seeking this loan in order to buy shoes for men, women and children, including tennis shoes, boots and sandals. He will also buy men's and women's underwear.
For Benigno, his business is important because it has enabled him to obtain the income necessary to feed his children, to pay for their education, and to pay back his loans. He likes to offer his customers friendly service and respect. He also has avocado trees; in his free time he goes to check on his crops. His hopes and dreams are to be able to raise his family independently, to grow his business, to open a location in his home from which he can sell his products, and that his children will be continue to study and grow up to have professional jobs.
The members of the group give thanks to Kiva and to the Vision Fund for making these loans possible and hope to continue receiving this support in order to grow their businesses and help their families.
El señor Benigno tiene 36 años de edad, es casado y tiene 2 hijos, un varón y una niña (los dos están estudiando la primaria). Benigno vende zapatos y ropa ofreciendo sus productos de casa en casa con los clientes de su comunidad. Solicitó su préstamo para comprar zapatos para dama, caballero y niños: tenis, botas, huaraches y sandalias; también compró ropa interior para dama y caballero. Para Benigno, su negocio es importante porque gracias a él obtiene el ingreso necesario que utiliza para la alimentación de sus hijos, para los gastos de la escuela y para el pago del préstamo. A él le gusta atender a sus clientes con amabilidad y respeto. Benigno también tiene huertas de aguacate; en sus tiempos libres va al campo a ver cómo van los cultivos. Sus sueños y esperanzas son independizarse y hacer una vida aparte con su familia, ampliar su negocio, poner un local en su domicilio para vender y que sus hijos estudien y tengan una profesión.
Los integrantes del grupo le dan las gracias a Kiva y a Vision Fund por hacer posible los créditos y esperan seguir recibiendo este apoyo para crecer los negocios y con sus familias.
Previous Loan DetailsThis united group called Loma Linda is made up of Gregoria who will use her loan to buy sugar, milk, chiles, and dairy products and also there is Benigno who will buy seasonal catalogs and shoes to fill his orders. Then there is Adriana who will purchase calves to fatten up. Adriana is 28,… More from Loma Linda 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