Update on Jazmín GroupThe members of “Jazmín” group chose this name because in the house where they gather to talk about their loans there is a beautiful picture of jasmine flowers. The group is composed of hard-working women; all of whom run trade businesses and they all requested a loan to invest in their activities.
Florentina will buy maize to keep preparing tortillas, Margarita will invest in her tailor’s shop, Maribel will buy bed sheets and quilts to sell, Jazmín will buy chicken and turkeys to raise, Lizbeth Crisostomos will buy young turkeys, María Elena, Rosalía and Lizbeth will buy sheep, Antonia chicken and turkeys, Ma Maura will buy underware, Leticia, Mirna and Beatriz will buy clothes, Mayra will invest in her beauty salon and Alicia will invest in her business of building material.
Alicia is 56 years old, she lost her husband some time ago and she no longer has any under-age children depending on her. She used to live in Mexico City, but now she is living in a community in the State of Mexico. Her husband was the one who began the building material business in 1983 because she worked as a brick layer and he had a lot of experience related to this type of products such as cement, lime, metal oil, bricks, etc. Alicia is requesting a new loan to buy all the material she still needs to restock the store. Alicia already has a supplier who offers a better price if she buys a larger quantity of material. The difficulty in this type of business is still the price of the material, but she knows that just as it tends to rise, there are seasons when she can find good prices. Doña Alicia mentioned: “I don’t have a goal, I would not like to change my activity, I just want this one to keep operating.
Florentina comprará maíz para sus tortillas
Margarita invertirá en su taller de costura
Maribel comprará sabanas y colchas para vender
Jazmín comprará pollos y guajolotes para cría y venta
Lizbeth Crisostomos vende guajolotes comprara pequeños para crecerlos y luego criarlos
María Elena, Rosalía y Lizbeth compraran borregos
Antonia comprara pollos y guajolotes
Ma Maura invertira en lenceria
Leticia, Mirna y Beatriz invertiran en ropa
Mayra invertirá en su estética
Alicia invertirá en su negocio de material de construcción
Doña Alicia tiene 56 años de edad es viuda ya no tiene dependientes ella era del Distrito Federal, pero ahora esta viviendo en la comunidad, platica que tiene una casa de materiales que inició su esposo en el año de 1983 y la inicio porque era albañil y conocía de todo tipo de materiales como cemento, cal, varillas, tabique, etc. Es por eso que esta solicitando un nuevo crédito para comprar todo lo que le hace falta como cal, cemento, varillas, armes, etc., ya tiene un proveedor seguro que le da precio cada vez que hace una compra por mayoreo. Además, explica que no tiene ningún tipo de dificultad solo cuando los precios suben demasiado pero no es gran problema porque sabe que así como sube también baja en cualquier momento. Doña Alicia comenta “No tengo una meta en sí, no me gustaría tener otro negocio solo me gustaría que el que tengo ahora en la actualidad siga operando.”
Previous Loan DetailsThe members of the “Jazmín” group decided on this name as there are a number of beautiful jasmine trees at the home where they have their meetings. This group is made up of hard-working women who all work in commerce and have requested this loan to invest in their businesses. Lizbeth sells tu... More from Jazmín 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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