El Aguacate Group
Update on El Aguacate GroupAlicia is 38 years old and is part of the group called "El Aguacate" ["The Avocado"]. She says that they gave their group that name because that's what they call their community; they decided to name the group after their community so that they wouldn't forget the name.
Alicia has been with the group for several cycles. She says that although she has had various problems—in the last cycle, two of her fellow members fell behind on their payments—she is continuing with the group because she knows that they are very responsible, they are people who really invest their loans in their businesses and are able to pay back their loans, and they mutually support one another.
Alicia says that she and her husband have a business that makes cinder blocks and bricks and sells gravel and sand. She says that she started this business with her husband more than seven years ago because her husband was working in construction in another country; when he arrived in Mexico, they decided to start their own business and provide for their family that way. She says that they have special machines for making cinder blocks or bricks, which they sell by the thousand for construction. They also sell loads of gravel or sand or whatever their customer orders. She says that she likes their business because it pays well and because she can be available to her children since the business is run from their house. She says that she is requesting a loan from the lender to purchase cement, sand, and gravel, and to repair some of the machines that they use to make cinder blocks and bricks. They also want to buy special dirt for making bricks and firewood for baking them; it's more labor-intensive to make them, but they are stronger than cinder blocks.
She says that her goal is to build a large construction-materials business where she can sell everything from toilets and tile to electrical supplies.
The other ten members are Angelina, Emilia, Brenda Guadalupe, Alondra, Juana, Blanca, María Santos, Yolanda, María Cristina, and Raquel. They will invest their loans in the purchase of inventory for a neighborhood grocery store, perfumes and cosmetics from catalogs, fruits and vegetables in season, avocado-growing supplies, and bedspreads from catalogs to sell.
Doña Alicia tiene 38 años de edad y es parte del grupo llamado El Aguacate, dice que le pusieron ese nombre a su grupo ya que así se llama su comunidad y para que no se les olvidara el nombre decidieron ponerle el nombre de su comunidad. Ella tiene varios ciclos en este grupo y dice que aunque han tenido varios problemas porque el ciclo pasado dos de sus compañeras quedaron a mal en sus pagos ya que dos de sus compañeras to cumplían con sus pagos pero que ella sigue con el grupo porque saben que son muy responsables y son personas que realmente invierten sus créditos en sus negocios y que son personas que pueden pagar sus créditos y que se apoyan mutuamente. Platica que su esposo y ella tienen un negocio de elaboración de block, tabique y venta de graba, arena, dice que comenzaron este negocio con su esposo desde hace mas de 7 años y que lo emprendieron por que su esposo trabajaba en otro país en una constructora y cuando llego a México decidieron hacer su propio negocio y así sacar adelante a su familia. Dice que ellos tiene maquinas especiales para hacer block o tabique el cual lo venden por millares para la construcción y también venden carros de graba o arena o lo que pida el cliente. Dice que su negocio le gusta porque es bien pagado y otra por que puede estar el pendiente de sus hijos ya que su negocio lo tiene en su casa. Platica que esta pidiendo un crédito a la financiera para la compra de cemento, arena, graba, y para reparar unas maquinas con las cuales hacen el block y el tabique, también quieren comprar, tierra especial para hacer el tabique, leña para coserlo ya que es más laborioso el hacerlo pero mas resistente que el block. Dice que su meta es hacer un negocio grande de venta de materiales para la construcción donde pueda vender desde una taza de baño, azulejo hasta materiales para poner la luz. Las otras 10 integrantes del grupo se llaman Angelina, Emilia, Brenda Guadalupe, Alondra, Juana, Blanca, Maria Santos, Yolanda, Maria Cristina y Raquel ellas invertirán sus créditos en la compra de artículos para tienda de abarrotes, perfumes y cosméticos por catalogo, frutas y legumbres de temporada, insumos para cultivo de aguacate, en la compra de colchas por catalogo para vender.
Previous Loan DetailsAnastasia is 75 years old and an enterprising, hardworking, and very responsible woman. She says that only one son lives with her now that almost all of them are married, and he helps her to sell fruits and legumes in the marketplace and in her home. She says she has had her business for more than… More from El Aguacate 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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