San Alejandro Agricultura Group
Update on San Alejandro Agricultura GroupBerenice, 23, is from a community called San Alejandro and she says that’s the name they gave to their group so that the group can be located more quickly. She relates that she’s been working with Visión Fund loans for several cycles and she’s done very well because she’s improved her poinsettia growing and selling business’ conditions. She comments that she’s had this business for five years and she’s very proud of her business because it’s given her much satisfaction like being able to develop as a businesswoman. She says that she started this business because her husband and she did not have stable jobs and she requested a loan to buy what was necessary, like the structure and the plastic sheeting, to set up a nursery. They decided on that particular business because her husband had already worked as a day laborer caring for nurseries and they decided to have one of their own.
She relates that the first year they only planted a few plants because they had no one to sell the plants to but gradually as the years have gone by they’ve acquired customers; this is their sixth consecutive year of planting and selling this beautiful December plant. She says that they are now planting different varieties like Suljibri, Freedom, Pink Marble, Marbell, Star, White and Sonora. The flowers are already attaining their color and in the month of November they will be ready to be sold at wholesale to her customers.
Right now she’s asking for a loan to buy manure, insecticide and paper to wrap them for sale. She hopes with the loan to increase production a bit more because she’ll be able to give her children a better quality of life that way. Berenice’s business goal is to build another nursery because she only has two and she hopes to be able to build another one to increase poinsettia production next year.
The other five group members are Verónica, Braulia, Leticia, Sonia and Rosa Elena. They will use their loans for their poinsettia growing and selling businesses.
Previous Loan DetailsBraulia is 35 years old and belongs to the San Alejando group, which is the same name as the group's community. Braulia is married and has three children. She is originally from this community, where the economic activity is growing poinsettia and making hand-made crafts. She says that there are a… More from San Alejandro Agricultura 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