Update on Quetzal GroupGonzálo is 35 years-old and is part of the Quetzal group, which he's very proud to belong to. Being very reliable, he has been a baker for over 11 years in his community of San Felipe de los Alzati. He says that he bakes and sells his bread at his home and also takes orders from nearby stores in his community, sells door to door from a basket, and goes to other communities to vend. He and the other two people who help him bake get up at a very early hour to start the day and make traditional Mexican baked goods like conchas, cuernitos, flores, teleras, bolillos, borrachitos, semitas, donas, hojaldres, etc.
He tells us that he is seeking this loan to buy the ingredients he needs to make his breads, including flour, milk, sugar, food coloring, cream, butter, etc. With the loan, he hopes to be able to improve his baked goods, and ultimately buy products of higher quality. His goal is to be able to buy a scooter to get from place to place more quickly. The other 10 members of the group are named Anastasia, Catalina, Maribel, Ma del Pueblito, Noheli Alejandra, Maricela, Virginia, Martha Isabel, Norma Edith, and María Concepción. They will be investing in ingredients and inputs for their businesses making Mexican foods, pastries, costume jewelry, and artisanal knitwear and buying fruits and vegetables to vend and items to stock their stores.
Previous Loan DetailsPueblito is 28 years old. She is from a community called Pueblo Nuevo and belongs to the Quetzal group. She says that one of her fellow group members decided to name the group after the quetzal because it is a very beautiful bird. Pueblito says that her name isn't very common and that she was… More from Quetzal 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