Los Inversionistas Group
Update on Los Inversionistas GroupMarciela is 30 years old and a very happy woman despite the adversities she has faced. She is a woman eager to get ahead with her children. Recently she had to separate from her husband due to personal problems but she is doing as much as she can to help her children, whom she loves greatly, get ahead.
She is a member of Los Inversionistas Communal Bank and says they chose that name because the loans they request from the field partner are also invested in their businesses and, thanks to the funding, they have been able to gradually grow their businesses.
Mary, as they fondly call her, says that she engages in several activities in order to be able to buy what is necessary to educate her children because she has two in primary school. She says she gets up very early to make them breakfast and then takes them to their school. Immediately afterwards she puts up her stall, which she has in front of her childrens’ school, where she sells drinks, sweets, caps, blouses and dresses knitted by hand that she makes herself. She also says that during the cold months she makes knitted scarves, caps, and gloves and they sell very well. In the afternoons, upon leaving her childrens’ school, she collects her stall and then makes a meal quickly because then she goes to buy bread that she later sells on one of the principal streets of her town, which is called Zitacuaro. On weekends she goes to a restaurant to work as a waitress and thus is able to earn tips to maintain her household.
Mary says that she is proud to be a single mother because she, alone, is helping her children get ahead in their studies. She says “thanks to the loans, they have made me save more and become more responsible and I have been able to manage the money I earn better and I have made my business grow and I am doing well.”
She says that at the moment, she is requesting a loan to buy the supplies to continue doing her knitting. Now she wants to begin another business making flan, cheesecake, cakes and jello and sell them at her stall where she sells her knitted goods and sweets.
Mary’s goal is to have her own home because she is now renting a house and she would like to have something of her own so she won’t have to spend so much in rent. She also wants a space where her merchandise will be safe.
The other nine members of the group are named Mariana, Eva de los Milagros, Jose Antonio, Gloria, Maria del Carmen, Eva, Marcelino, Lucila and Esmeralda. They will invest in their business of selling shoes by catalog, buying and selling women’s clothing, doing repairs in a machine shop, selling seasonal fruit and vegetables, perfume, cosmetics and will buy material to make embroidered handicrafts and compost and fertilizer to cultivate chiles manzanas (very hot chiles).
Previous Loan DetailsAntonio belongs to the Los Inversionistas ["The Investors"] group and has worked with them for 2 years. He says that they gave the group this name because they invest all of the loans requested in their businesses so that they can give their families a better quality of life. Tono, as he is known… More from Los Inversionistas 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