Las Perseverantes Group
Update on Las Perseverantes GroupFrancisca is another of the members of this group. She is 72 years old and she only has a primary education, as when she was young her parents thought it best to teach their daughters domestic work and send the boys to school. She is single and she had two children, who are now married. She tells us that a little over eight months ago she opened a small grocery store in the front part of her house, which faces the street, so she could earn a little extra money to get ahead. Francisca is a very cheerful and enthusiastic woman and she tells us that she really wants to work and get ahead. In addition to her grocery store, she sells prepared food to the passers-by who order from her and this allows her to have more money coming in so that she can keep taking care of herself. She needs this loan to invest in cookies, candy, soft drinks, juices, rice, beans, oil, toilet paper, salt, flours, matches, and soap to restock her store, as well as a few supplies, such as chilies, tomatoes, onions, and meat to make her prepared foods. She tells us that she hopes God will continue to grant her life so that she can keep working and get ahead.
The other members of the group are:
Reyna- Internet cafe
Maria Concepcion- Groceries
Luz del Carmen- Sodas
Iris del Carmen- Clothing
Las demas integrantes del grupo son:
Reyna - Cafe internet
Loyda - carpinteria
Adilene - calzado
Maria Cohinta - ropa
Victoria - reposteria
Maria Concepcion - abarrotes
Carmela - antojitos
Matilde - perfumeria
Luz del Carmen - refrescos
Cecilia - antojitos
Iris del Carmen - ropa
Juana - ropa
Isabel - abarrotes
Previous Loan DetailsLas Perseverantes has 11 members, all hard-working women, who operate various businesses that help support their families and improve their quality of life. The members live in a rubber-producing area (surrounded by rubber trees). The climate is mild and suitable for growing coffee and oranges.... More from Las Perseverantes 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