El Rincon Group
Update on El Rincon GroupDon Silvino is from an indigenous Mazahua community, in which the majority of people work making handicrafts from the Ocoshal leaf and woven wool.
Don Silvino has made a living raising sheep for over 30 years. This is because he never studied, as his parents did not have the means to send him to school and the closest one was very far away from his community at that time.
At the moment, he has 13 sheep and is requesting a loan to maintain their pen, because bad weather and its bad state of repair have already led to the death of several lambs, and it is cold and hails in his community. He also says that he will buy food, vitamins, and deparasiting treatments to keep them in better condition and thus sell them for a better price.
He explains that in December he makes the most sales and the schools close. Due to the celebrations held and traditions of his community they make a lot of food and invite people from other communities to celebrate the holidays. Don Silvino says that if he gets a loan he can improve his business and he feels grateful to VisionFund. The other members of the group are called Gonzalo, Albina and Eliseo. They will invest their loans in buying manure and fertilizers to grow avocados.
Previous Loan DetailsLucila is 38 years old and is part of the "El Rincon" group. The Mazahua culture still predominates in this community, where the women wear Mazahua traditional clothing and speak Mazahua. Luci, as her friends and family call her,, is married to Antonio, and they have five children, named Alexis,… More from El Rincon 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