Abejitas Trabajadoras Group
Update on Abejitas Trabajadoras GroupCristina, 35, is part of a group called “Abejitas Trabajadoras” (Little Worker Bees). She comments that they named their group thus because they feel bees are very intelligent, hardworking little animals and that’s why they chose that name for their group.
She’s married to Edgar who is a carpenter and they have three children who she says are her joy and the reason to move forward. She relates that she has a business manufacturing furniture like bedroom sets, tables, chairs, dining room sets, chests of drawers, armoires and many other things she makes and sells. She relates that her husband taught her how to cut, sand and paint the wood and to sell them in a locale they have alongside a highway. She says that she’s had the business about 8 years and thanks to it she and her family have been able to get ahead.
She says that the wood she uses to make the furniture is delivered to her workshop and the wood she uses the most is pine and conglomerate (pressed sawdust). She says that she and her husband sell the furniture in a locale and sometimes she goes out to sell it in communities adjacent to her town on credit so that customers can afford to make the payments.
She says that she’s asking Vision Fund for a loan to buy varnish they apply to the furniture which is what they most need right now because she currently has several pieces of furniture still unvarnished for lack of capital because sometimes her customers don’t follow through with their payments and she does not have the wherewithal to buy supplies.
Cristina’s goal is to make her business grow. She says that she’d like her business to grow so that when she’s no longer here she can leave her children a stable business.
The other eleven group members are called Elizabeth, Rosa, Mariana, Jorge, María de Jesús, Adriana de Jesús, Teresa, Georgina, Nubia, María del Carmen and Jaime. They will use their loans to stock up on fast-food ingredients, to buy supplies like thread, needles and cross-stitch fabric to make artisanal clothing, to buy raw materials to make bread, to buy paper balloons in various designs for parties, to buy gift bags to decorate gifts to sell, to buy ingredients to make tamales and atole [drink made of corn flour] and to stock up on clothes for women and men to sell.
Previous Loan DetailsElizabeth is a very hard-working woman who does her household chores very responsibly. She has two young children: an 8 year-old boy who is in elementary school and a 6 year-old girl who will start elementary school soon. Elizabeth's business is selling juice and smoothies outside a school.… More from Abejitas 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