El Cacique Group
Update on El Cacique GroupMaria Cristina is 45 years old and belongs to a group called El Cacique. She says they gave this name to the group because they live close to a hill which name is El Cacique and they are very proud to live there, because from that hill, there's a spectacular view, since it's very high.
She is dedicated to breeding cows to sell their milk. She says her husband taught her to milk the cows, and she has had this business for over 25 years. She says that from the early hours in the day, she and her husband get up to milk the cows to sell the milk fresh. They sell from 25 to 30 liters a day, depending on the milk they get from the cows. They go out to sell to their customers door to door in different towns.
She says she is applying for a loan to Visión Fund to buy food, vaccines, and antiparasitics to have the cows in good condition. She has eight cows and wants to have them in good condition so the milk is of quality. She is very happy to be working with Visión Fund, because the payments aren't that hard. The project she has in mind is to set a small grocery store, so she will be more devoted to her youngest son and also will help him with homework.
The other 21 members of this group are Isidra, Nemesia, Laura Cecilia, Maria Teresa, Alicia, Araceli, Alejandra, Yazmin, Belen, Elsa, Ma. Guadalupe, Rosalinda, Alberta, María Guadalupe, Rosalba, Jannet, Patricia, Tatiana, Mónica, María Guadalupe y Elisenia. They will invest their loans in activities such as buying and selling seasonal fruit, a poultry that sells chicken by kilos, items to stock a grocery store, supplies to make Mexican food to sell, and women, men and children clothing to sell locally.
Previous Loan DetailsMaría Guadalupe Mondragón Ángel belongs to the 'El Cacique' group. She says that the members gave the group this name because very close to their town there is a hill with this name so they decided to give the group the same name. Lupita, as she is known by her neighbors and acquaintances, is… More from El Cacique 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