Las Camelinitas Group
Update on Las Camelinitas GroupTrinidad is a hardworking woman who very much wants to get ahead. She’s 25-years-old and completed sixth grade but was unable to continue with her education because her parents couldn’t afford it; they were unable to cover expenses because she has other siblings so they started to learn the family business which is making pots and clay crafts to help their parents with household expenses.
She says that her parents have taught her how to make an infinite number of crafts in various sizes and styles and once she got married she continued the tradition and now has had her own business for about 10 years since she married very young.
She comments that she heads out to sell her creations in various street markets, expo fairs and in communities adjacent to hers and that she does well with the sales because everything she makes she does with much affection and dedication so that they will sell more quickly.
Right now she’s asking Vision Fund for a loan to buy several things she needs to make her crafts like clay, firewood to fire the crafts, enamel, paint in various colors and many more things. She says that the goal is to rent a locale near the highway so that tourists will see and buy her creations and she won’t have to leave home so often and she can be more stable and care for her little children.
The other four group members are Araceli, Leticia, María Fernanda and Guadalupe. They will use their loans to buy seasonal fruit and vegetables and in supplies needed to make clay crafts.
Previous Loan DetailsFernanda, 23, relates that since she was very little she learned how to work with clay because since she didn’t have the opportunity to go to school she decided to go to work with clay. She relates that her parents taught her since she was a little girl to do crafts and six years ago she and her… More from Las Camelinitas 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