Mujeres En Fuerza Y Unión Group
Update on Mujeres En Fuerza Y Unión GroupCirce is a girl who wants to get ahead. She's from a town with a variety of traditions as well as pretty and picturesque town celebrations.
Circe's part of a group called Mujeres en Fuerza y Unión. She says an acquaintance who belonged to the group invited her so she could set up her own beauty shop. She studied cosmetology in a town near her own. She says she finished school a year ago and has worked in various salons. She would like to have her own business, though, because some of her customers have told her she cuts hair very well and they like how she does pedicures and manicures.
This is why she's encouraged about requesting a loan, because she wants to buy materials to set up the salon in her house. She's going to buy brushes, combs, scissors, dye, curlers, shampoo, and manicure and pedicure tools.
She says she's grateful they're going to give her the loan because she'll be able to set up her own salon, and this makes her content and happy.
The other members of the group are María Luisa, Marisol, María Verónica, Irma, Mario, Luz María, María del Carmen, and Fanny. They will invest in supplies for a stationery store, a grocery store, a beauty salon, and making and selling Mexican snacks.
Previous Loan DetailsMartha, 39, is from a town called Coatepec, better known as San Andrés, which is its patron saint. She is married to Miguel Angel and they have two children in elementary school. She sells Mexican snacks, such as tacos dorados, enchiladas, pambazos, lunches, different flavored juices, soft drinks… More from Mujeres En Fuerza Y Unión 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