El Ayle Group
Update on El Ayle GroupImelda is 39 years old and is originally from a community called Dongu. She is part of the “El Ayle” group. She says that where they have their loan meetings is under a tree called an Ayle, and this is why they named the group that, so they won’t forget the name. She explains that she has been in the group for several loan cycles and she is very proud to belong to a group because everyone helps out when one of them has a problem. She says that she has worked for more than 25 years cultivating and selling avocados. She also sells bell peppers, prickly pear fruits, and peaches that she cultivates. She studied through the third year of secondary school because her parents couldn’t continue supporting her economically because she had several siblings. Imelda is married to Demetrio, who works in the Central Groceries market in Mexico City. They had 5 children, and 3 of them live with her. Their names are: Carlos, who is 18 years old and works and helps with the household expenses; Vanessa, who is 16 years old and is in high school; and Fernanda, who is 14 years old and is in secondary school.
She says she is requesting the loan from Vision Fund to buy fertilizers and insecticides. She also wants to buy an insecticide sprayer to spray her plants with insecticides because there is an infestation in her trees and she is very worried because this will reduce her harvest if she doesn’t apply the insecticides in time to eliminate the bugs. Imelda learned this business because she has a piece of land that is very large, and also to help her husband with the household expenses. She says that she goes to sell in the central groceries market in a town near hers everyday. She gets up at 4:00 in the morning so that her fruit will be fresh so she can sell it fast and at a good price. She says, “Hopefully the lender can lend me the new loan so that I can save my trees and have a good harvest. I’ve invested a lot of inputs in order to improve the trees.” Imelda’s goal is to continue planting more trees. She has 87 trees and she hopes to continue planting because this is the inheritance that she will leave to her children. The other 3 members of the group are named Ivan, Ausencio, and Julia. They will all invest in their avocado crops since they also work in the same type of business.
Previous Loan DetailsAuscencio is 50 years old and comes from a community whose principal economic activity is the cultivation of poinsettias and avocados, as the soil in the area is ideal for this type of crop. He tells us that for more than 12 years he has grown avocados and says that he started his business because… More from El Ayle 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