Vicente Guerrero Group
Update on Vicente Guerrero GroupVicente Guerrero is the name of this group made up of four enterprising women. They chose this name for their group because it is the name of the street where they hold their meetings. Paulina is one of the group members. She is 36 years old, is single, and is a university student. According to Paulina, she opened her own business because it was difficult to find some other kind of work. A little over five years ago, she set up a small grocery store from her home. As time passed, her business has grown and she recently built a small shop where her store is located now. Paulina has many clients and she says that what she likes best about her business, besides earning her own money, is that she is constantly in contact with people and she has been able to make good friendships.
Paulina's store is open every day from 8 a.m. to 8 p.m. She always gives her customers a good deal because this helps to ensure repeat purchases. A loan from Vision Fund will give her the opportunity to restock her store, buying soap, beans, soup, rice, oil, cookies, sweets, fried foods, soft drinks, and canned goods.
Paulina hopes that with this investment in her business, she will increase her earnings and be able to better stock her store.
Mirna sells shoes
Maria del Pilar sells underwear
Vianey sells groceries
ella desea que con esta inversión su negocio deja mas ganancia y si poder surtir con mas productos su tienda
Mirna venta de zapatos
Maria del Pilar venta de ropa interior
Vianey venta de abarrotes
Previous Loan DetailsVincente Guerrero is the name of an integrated group of four enterprising women. They decided to give their group this name because it is the name of the place where they meet up to make their payments. Each one of these women has a job: Silvia and Mirna sell shoes from a catalog; Gloria sells ... More from Vicente Guerrero 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