Santo Domingo Group
Update on Santo Domingo GroupThis group is called "Santo Domingo," and it is formed by three women who have different businesses. They live in a town called Tecpatan, which is an hour from Copainala.
Señora Normalda, who was interviewed, is a housewife. She is married to Señor Luciano, with whom she has five children. Three are already married, and two are still her responsibility. She has been married for 30 years. She married very young, at the age of 15, and she comments that she is very happy.
Normalda has been making tamales for three years. She says that it is going well for her, since the loan helps her to buy ingredients that she uses to make them. She buys banana leaves, meat, and raisins, among other ingredients. Thus her customers can buy from her with more enthusiasm.
She prepares the tamales and goes out to sell them from door to door and to deliver them to customers who order them, and this is how she can obtain income and earnings from her business.
She has worked since she was very young, and so she doesn't see anything bad about working like this. She thinks that it is nice work, since she meets many people.
The other members of the group are Señora Araley, who will invest the loan in the purchase of shoes of the Terra brand to sell, and Señora Rosalinda, who will invest in the purchase of coffee and cacao to sell.
Este grupo se llama "Santo Domingo" y se integra de tres señoras quien cada una tiene su diferente actividad y vive un pueblo llamado Tecpatan que esta a una hora de Copaínala.
La señora Normaida, es quien se le tomo la entrevista es ama de casa, está casada con el señor Luciano, y con quien procreo cinco hijos, 3 ta estan casadoos y 2 todavía están a su responsabilidad; de casada lleva treinta años, ella se casó muy joven, de 15 años de edad y comenta que es muy feliz.
Normaida, se dedica a la elaboración de tamales desde hace tres años dice que le va bien ya que el préstamo le ayuda a comprar los insumos que utiliza para la elaboración, en ellos compra: hoja de guineo, carne, pasas entre otros ingredientes más, así su clientes le puedan compra con más amino.
Ella elabora los tamales y sale a vender de casa en casa y a repartir a los clientes que le encargan y es así como puede obtener los ingresos y las ganancias de su negocio.
Desde muy joven ella trabajaba por eso no le parece nada malo trabajar así, piensa que es un trabajo bonito ya que así conoce mas gente.
Quienes integran el grupo son las señoras: Araley invertir el préstamo en la compra y venta de zapatos de la marca terra y la señora Rosalinda invertirá en la compra y venta de café y cacao.
Previous Loan DetailsKarla Yesenia is married to Aricel, and they have 2 children for which they are responsible. This group is called "Santo Domingo", and it is made up of 3 women. She is a housewife, and this is the first time that she has applied for a loan from Fundación Realidad. The loan is needed to buy in... More from Santo Domingo 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.
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