Los Inversionistas Group
Update on Los Inversionistas GroupClara, or Clarita, as she is called, is a friendly yet introverted woman. She is 44 years old and is a member of the Los Inversionistas ("The Investors") group. She has been in this group for many years and is a very responsible and hardworking woman. She has a sweets stand outside a primary school, where she works from 7:30 in the morning. She also sells winter clothing which she makes herself, such as sweaters, scarves, gloves, hats, and slippers sewn using a hook and needle.
She says that she sells clothing depending on the season. When it is hot outside, she sells caps, T-shirts, sandals, and straw hats. She buys some of her merchandise in Mexico City and she makes some herself. She has one daughter, who is studying in primary school. She is very proud of her daughter because she is an above average girl.
She has applied for a loan because she would like to stock her business with sewing materials. In the afternoons, she also sells bread on one of the busiest streets in her town, which is called the "calle de hambre" ("street of hunger") because vendors sell food from their stalls all day long, from six in the morning until one in the morning.
One of Clarita's dreams is to have a larger stall, because she cannot fit in everything that she sells and she has to take some things out. The other members of the group are Mariana, Eva de los Milagros, José Antonio, María del Carmen, Eva, Maricela, Marcelino, Lucila, and Esmeralda. They will invest in their businesses, such as a mechanic shop, shoe sales from a catalog, materials for artisan embroidery, supplies to make and sell desserts, the purchase of in-season fruit and vegetables, and the sale of clothing, cosmetics, and women's undergarments.
Previous Loan DetailsAntonio belongs to the Los Inversionistas ["The Investors"] group and has worked with them for 2 years. He says that they gave the group this name because they invest all of the loans requested in their businesses so that they can give their families a better quality of life. Tono, as he is known… More from Los Inversionistas 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