Update on Quetzal GroupNoheli is from a populated area called Zitacuaro. She is a hard-working girl with the desire to get ahead. She says that honestly she didn't like school and that's why she only studied through the sixth grade, besides which her mom was not able to cover expenses since the fees were excessive and so she decided to stop going. She comments that from a very early age she has enjoyed working. Now she is part of a group called Quetzal, since she has been asking for loans to improve her business and keep it stocked. She says that she earns a living making and selling costume jewelry. With the new loan she is seeking she wants to buy: silver, elastic, pearled threads, settings, tools, pliers, steel wire, glass and ceramic ornaments, jade or amber among other stones for creating jewelry, bracelets, necklaces, earrings, rings, diadems, hair clips and many other created items.
She says that she purchases materials in her area and when she has the jewelry made she goes out to sell it among her acquaintances and to people who pay her because she sells to them on credit, three payments over six weeks, so that it's not so onerous for people to buy. Her dream is to have a large business where she could sell the stones wholesale.
The other group members are named Anastasia, Gonzaol, Maribel, Maria del Pueblito, Maricela, Virginia, Martha Isabel, Norma Edith and Maria Concepcion. They are requesting loans to invest in their businesses such as preparation and sales of Mexican finger foods, seasonal produce sales, to purchase supplies for making bread to sell, to purchase items to sell at a grocery store, to maintain a truck used for transport, and embroidering handcrafted clothing items.
Previous Loan DetailsGonzálo is 35 years-old and is part of the Quetzal group, which he's very proud to belong to. Being very reliable, he has been a baker for over 11 years in his community of San Felipe de los Alzati. He says that he bakes and sells his bread at his home and also takes orders from nearby stores in ... More from Quetzal 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