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Adiccion Group
In this Group: Blanca Azucena, Teodora, Elvia Rosaura, Flor Esthela, Medea, Gabriela

Update on Adiccion Group

Adicción is a group that has been working together for more than a year. Within the group some of the members have matured and other new ones have found the opportunity to start a business.

Such is the case of Flor Esthela, a married mother of two children. She wants to get ahead and offer her family a better quality of life. She learned the art of manicuring and applying nails and saw it as an opportunity for a business and she wan't mistaken. is married.

Now she has decided to invest in raw materials and be able to offer this service. She is convinced that her new business will go well for her.
View original language description ↓
Adicción es un grupo que lleva trabajando más de un año juntas. En el grupo han madurado algunas de sus integrantes y otras nuevas han encontrado la oportunidad para iniciar un negocio.
Tal es el caso de Flor Esthela, madre de dos hijos, casada. Ella con deseos de superarse y apoyar en mejorar la calidad de vida a su familia, aprendió el arte de esculpir y aplicar uñas. Lo vio como una gran opción de negocio y no se equivoco.
Ahora ella ha decidido invertir en su propia materia prima y hacer un inventario para poder ofrecer este servicio.
Esta convencida de lo bien que le saldrá su nuevo negocio.

Previous Loan Details

Sandra is a woman and a mother, with two children who depend on her. Thinking of her family, and how she could support her household finances, and so provide a better quality of life to her family members, she decided to set up a food stand outside her home. This idea originated from her frien... More from Adiccion Group's previous loan »

Additional Information

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.

About Mexico

  • $11,249
    Average annual income
  • 7
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD
Expired
A portion of Adiccion Group's $4,575 loan helped a member to invest in merchandise for manicures.
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2012
Listed
Nov 6, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 6, 2012