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El Progreso (Flat) Group
In this Group: Patricia , Donaciano , Genaro , Herminia, Dora Luz , Rosario , Alicia

Update on El Progreso (Flat) Group

Genaro is 55 years old and single. He did not attend school. He says that he learned to farm when he was very young but he had always wanted to work in his own business in order to earn a little more money. A little over 13 years ago, Genaro started raising lambs. He works from home where he built a small pen for his lambs. Every day he takes them out to graze. He says "my work is lovely but you have to know how to care for these little animals because they are delicate. If one of them becomes ill or all of them become ill, you have to vaccinate them and give them a lot of care". Genaro says that he makes most profits during holiday times because that is when he sells most lambs. They also make him profits when they have babies. Genaro will invest this loan in buying feed and vaccines so that he can continue working in his business. He hopes, in the future, to invest his profits in buying construction supplies because he would like to build premises and start a new business.

The other members of this group are:

Herminia - who runs a nutrition club.
Patricia - who sells groceries.
Rosario - who sells footwear.
Alicia - who runs a nutrition club.
Dor Luz - who sells food.
Donaciano - who buys and sells scrap metal.
View original language description ↓
El Señor Genaro tiene la edad de 55 años, es soltero y no tuvo la oportunidad de estudiar, él dice que desde muy pequeño aprendió a trabajar en el campo pero el siempre habia querido iniciar a trabajar en su propio negocio porque se gana un poco mas, Don Genaro desde hace un poco mas 13 años inicio a trabajr en la cria de borregos, el realiza su actividad desde su hogar, ahi el construyo un pequeño corral el cual tiene sus borregos y todos los dias los saca a pastorear(comer pasto), el dice "mi trabajo es bonito hay que saber cuidar estos animalitos porque son delicados si se te enferma un o se enferman todos hay que vacunarlos y darle atencion", Don Genaro dice que cuando ve sus ganancias es en tiempos festivos ya que es cuando mas vende sus borregos tambien representan ganancias para el cuando una borrega tiene borregitos. El invertira este credito en la compra de alimentos y vacunas para continuar realizando su actividad. El espera a futuro sus ganacias invertirla en la compra de material de construccion porque quiere hacer un local e iniciar un nuevo negocio

Los demas integrantes del grupo son:

Herminia club de nutricion
Patricia venta de abarrotes
Rosario venta de calzado
Alicia club de nutricion
Dora Luz venta de comida
Donaciano compra y venta de fierro viejo

Previous Loan Details

"El progreso" ("The progress") is a communal bank comprised of seven people. They have decided to use this name for their group because they hope that with this loan there will be progress in their businesses and in their families' living conditions. The communal bank is located in the community ... More from El Progreso (Flat) Group's previous loan »

Additional Information

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.

About Mexico

  • $15,600
    Average annual income
  • 19
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 12.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Progreso (Flat) Group's $3,925 loan helped a member to buy feed and vaccines.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 7, 2012
Listed
Oct 9, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013