Las Trabajadoras Group
Update on Las Trabajadoras GroupGenaro is 24 years old and is a member of a group called "Las Trabajadoras" (the female workers). He says that he joined the group after it was formed, and it was so named because in the beginning, the group was comprised of only women, all of whom were very hardworking and responsible. He is a widower who lives with his mother, whom he supports and loves very much. He has different jobs but states that one of his passions is singing. Every day, he goes to restaurants and eateries to sing. He says that he is well-known and that people invite him to special events, which makes him feel good because it means that they like the way he sings. He says that when he performs, he goes by the stage name of Marcelo, and that he likes this job because aside from the fact that he gets paid, he enjoys signing for people. He states that he used to have a small cyber café, but that his computers kept breaking down. He also had a video arcade, but he had to sell his arcade games because his electricity bill was too high. He is now requesting a loan from VisionFund in order to purchase a variety of sweets to sell outside his home because he lives very close to an elementary school. He says that his mother well help him make pork and soy cracklings. He hopes to receive this loan so that he can start this business soon because he thinks it will be a success since he also wants to sell soft drinks and juice to the school children during recess. He also states that he will purchase the candy in different stores in a nearby town, where he can get low prices and make a little more profit.
The other eleven group members are Blanca Estela, María Guadalupe, Elizabeth, Librada, Mariana, Lidia, Marco Antonio, Mireya, Jasmin, Bertha, and Yolanda. They will invest the loan in their different businesses, such as in purchasing material to make bedspreads, baby clothes to sell, goods for a grocery store, feed for dairy cows to milk them and sell the milk by the liter, scrap metal to sell it by the kilo, corn to sell corn dough, pig feed to sell, and seasonal fruits and vegetables to sell.
Los otros once integrantes del grupo se llaman Blanca Estela, María Guadalupe, Elizabeth, Librada, Mariana, Lidia, Marco Antonio, Mireya, Jasmin, Bertha y Yolanda ellos invertirán en diferentes negocios que tienen como en material para realizar colchas, en la compra de tienda de ropa para bebe para vender, en la compra de artículos para surtir tienda de abarrotes, en la compra de alimento para sus vacas para sacarles la leche y vender por litro, compra de fierro viejo para venderlo por kilos, en la compra de maíz, para vender masa, en la compra de alimentos para cerdos para después venderlos, para la compra de frutas y legumbres de temporada para su venta.
Previous Loan DetailsThis village bank is called "Las Trabajadoras" - "the working women" - because the members of the group consider themselves a hard-working group of women. The village banks are groups of 10 or more people who, together, hold a bank account and have to meet weekly or fortnightly to make their repa... More from Las Trabajadoras 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