El Sol Group
Update on El Sol GroupTereso is a member of the “El Sol” Group, which is composed of 12 persons, each of whom pursues a different economic activity. Tereso is 41 years old, only studied through primary school, and is married to Eugenia with whom he has 3 children, 2 of whom are sons.
Tereso says that for many years he worked in the countryside but having found only seasonal work, he needed to look for an activity that he could maintain year round, since he needed to provide for his family. He says that in his community they are accustomed to men selling tortillas from motorbikes, delivering to the doors of houses. It seemed to him a profitable business and he bought his own motorcycle.
For 3 years now he has been selling tortillas. Initially, he only sold within his community, but at present, he goes out to neighboring localities to sell. Given the fact that he is well known now, every day he just has to deliver orders.
Tereso wishes to invest his loan in motorcycle maintenance, and to buy tortillas to be resold. Moreover, he hopes that his business will continue progressing and, little by little, to gain more customers, since in the future, he would like to buy a larger motorcycle.
The activities of the other members are as follows:
Sacramento sells groceries
Alvaro cultivates corn
Maria Luisa sells groceries
Teofila sells soft drinks
Maria Esther raises pigs
Mariela sellsl soft drinks
Rebecca sells clothing
Omar sells articles for the home (tupperware)
Dario provides transportation services
Paula sells tortillas
Maria Antonio sells chicken
necesidad de buscar una actividad que pudiera mantener durante todo el año ya que tiene que proveer a su familia. Él platica que en su comunidad se acostumbra a que los señores vendan tortillas en motos y que las lleven a la puerta de las casa. Le pareció un negocio rentable y se compró su moto. Desde hace 3 años se dedica a la venta de tortillas. Inicialmente, solo vendía en su comunidad, pero actualmente sale a las localidades aledañas a vender. Dado que ya es conocido, todos los días solo sale a entregar sus pedidos. Tereso quiere invertir su crédito en el mantenimiento de su moto y para comprar tortillas para posteriormente revenderlas. Además, él espera que su negocio continúe progresando y poco a poco ganar mas clientes, ya
que a futuro le gustaría comprarse una moto mas grande.
Las actividades de los demás integrantes son:
Sacramento: venta de abarrotes
Alvaro: cultivo de maíz
Maria Luisa: venta de abarrotes
Teofila: venta de refrescos
Maria Esther: cria de cerdos
Mariela: venta de refrescos
Rebeca: venta de ropa
Omar: venta de articulos para el hogar(topper)
Dario: servicio de transporte
Paula: venta de tortillas
Maria Antonio: Venta de pollo
Previous Loan DetailsDoña Sacramento is 39 years old and only has an elementary school education. She is married to Don Joaquin, who works as a farm laborer. They have four children who are in elementary school. Doña Sacramento says she always looks for ways to work from home by making small sales so that she can ... More from El Sol 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.
58View loans »
Success!! The loan was 100% repaid