Update on Poetas GroupGuadalupe is 38 years old. She is originally from a place full of the rich history of Mexico. Also very close to there is the sanctuary of the monarch butterflies, where year after year the butterflies arrive from Canada, producing an unequaled spectacle. Her area presents itself as one of the principal tourist attractions of Mexico, offering beautiful natural landscapes, where a typical provincial atmosphere can be experienced, where traditions and customs are preserved, and where there is a great variety of gastronomy to delight the most demanding palate. Lupita, as her friends call her, is part of the group called "Poetas" (Poets).
She has had a sandwich business for a little more than a year, and she says that she embarked on this business to be able to contribute something to her household and so that it would not be so difficult for her husband to support their son in his education, since he is in secondary school and the expenses are very substantial. She also says that she set up the business to have a productive activity where she would feel useful, and this is why she set up her sandwich shop. She is applying to Vision Fund for a loan to buy the ingredients that she needs in her business, such as rolls, mayonnaise, cream, vegetables such as avocados, onions, tomatoes, and peppers in vinegar, and some soda. She says that if she receives the loan, her business will improve and thus she will be able to have more sales, and this makes her very happy, since she wants to improve to thus be able to give her son a better quality of life. Lupita's goal is to set up her own location, since the place where she sells now is rented, and they charge her something dear for the rent. For this reason, she wants her own place.
The other 12 members of the group are Guadalupe, Rodrigo, Irma, Ricarda, Teresa, Eduardo, Beatriz, Elizabeth, Maria Alejandra, Pablo, Janet, and Roberto. They will invest their loans in beauty products, car parts, fur production, catalog beauty products, sweets and seeds to sell, seasonal fruits and vegetables to sell, catalog clothing and shoes to sell, etc.
Previous Loan DetailsIrma is a member of the Poetas group. The members of the group tell us that they chose this name because it is the name of the area where they meet. Irma is 42 years old and has three dependent children. She tells us that she has owned an auto parts store for 19 years. She and her husband b... More from Poetas 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