Los Ficus Group
Update on Los Ficus GroupLaura, 34, is another member of this group. She studied up to secondary school. She's married to Gilberto, who works as a carpenter. She has three children but only one is dependent because the older ones are married.
She says that a few months ago she decided to start her business selling groceries to help her husband with the household expenses. She makes grocery sales every day. She has all her grocery products on some shelves. She's very happy about her business because every day she has more customers. In her free time, Laura also does handicrafts such as blouses and woven jackets, which she sells to her friends and neighbors.
Laura needs this loan to buy thread, hooks, oil, sweets, bread, canned goods, juice, soda, beans, rice, bread crumbs, bleach, soap, detergent, lamps, and bath soap to later sell. She hopes that her business will prosper and get ahead with this investment because she wants it to be one of the main grocery stores in her community.
The other members of the group are Elizabeth, cosmetics sales; María, cosmetics sales; Francisco, butcher shop; María Teresa, snack preparation; Leonicia, pork sausage preparation and sales; Felipa, cosmetics sales; Dulce María, clothing sales; Carolina, perfume sales; Josefina, plastic household products sales; Patricia, grocery sales; and Maricela, pork sausage sales.
Los demás integrantes del grupo son:
Elizabeth venta de cosméticos,
Maria venta de cosméticos,
Maria Teresa realización de antojitos,
Leonicia venta y elaboración de longaniza,
Felipa venta de cosméticos,
Dulce María venta de ropa,
Carolina venta de perfumes,
Josefina venta productos de plástico para el hogar,
Patricia venta de abarrotes,
Maricela venta de longaniza.
Previous Loan DetailsThe Ficus group is made up of eleven very hard working and enterprising women, who work to help their husbands and to give their families a good start in life.
Mrs. Yolanda is one of the members of this group; she is 35 years old and only has a primary school education. She is married to Mr... More from Los Ficus 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