El Cedro Group
Update on El Cedro GroupRosalia is another member of the “El Cerdo” group. She’s 38 years old and only has a junior high school education. She is the single mother of one son and she says that she opened her own grocery store business seven years ago, because she wanted to pay more attention to her son. She began selling from a space in her home and has set up an area in her patio. She says that sales are good because her business is one of the best stocked in the neighborhood. She is happy because sometimes he son helps her serve customers and he is learning to work. Rosalia will invest the money from this loan in rice, beans, sugar, salt, cooking oil, candy, soft drinks, canned goods, flour, bathroom tissue, and toothpaste.
She wants this loan to help her move forward and meet her customers’ needs. She also wants to provide her son the opportunity to attend university.
The other members:
Cenorina sells poultry
Camerina sells undergarments
Eloina sells clothing
Martha sells food
Eustolia sells shoes
Lindsay runs a nutrition club
Hipolita sells groceries
Irma sells snacks
Ella quiere que con esta inversión su negocio continué progresando y siga en el gusto de la gente, también le gustaría poder ofrecer a su hijo la oportunidad de asistir a la universidad.
Las actividades de las demás integrantes son:
Cenorina Venta de pollo
Camerina venta de ropa interior
Eloina venta de ropa
Martha venta de comida
Eustolia venta de zapatos
Lindsay club de nutricion
Hipolita venta de abarrotes
Irma venta de antojitos
Previous Loan DetailsHipólita, 41, completed elementary school. She’s married to Gerardo who works in the fields. They have two children who are going to high school. She and her family live in a community noted for its kind and very hardworking residents. She tells us that a little over 2 and a half years ago… More from El Cedro 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