Las Nenas Group
Update on Las Nenas GroupNinfa is 26 and has enjoyed working since she was very young. Three years ago, she opened a grocery store in her house so that she could help her husband meet household expenses. She started with a small table of sweets, which was successful because there is a high school and elementary school nearby. She added more items such as sodas, juices, and homemade sandwiches. Slowly, the business grew, and now she has a grocery store. She is the single mother of two children (she is separated), and she wants to help her children get ahead.
She is applying for a loan to stock her store and will also sell to another store where nonperishable items are sold at discount prices. She dreams of expanding her store and having arcade machines the local children can play.
She belongs to the communal bank Las Nenas, which she joined because the women members were pleasant and young-at-heart. The other members are Rosalba, María del Rosario, Alicia, Rosa, Lizbeth, María Minerva, Gloria, Alicia, Celia, Claudia Minerva, Ma. Beatriz, Ma. Concepción, and Jenifer. They will use the loan to buy pigs to slaughter for taco fillings; to sell shoes; to sell catalog perfumes and cosmetics; to sell catalog mattresses; to buy ingredients to make tacos; to buy seeds to roast and sell; and to buy supplies to make baked goods to sell.
Previous Loan DetailsYolanda, an enthusiastic and cheerful woman, wants to get her family ahead, and that is her priority despite the adversities that she has had moving her business forward. Yola, as her friends call her lovingly, is 52 and part of the group called “Las Nenas” (the Girls) She says that her companion... More from Las Nenas 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