Update on Sorpresa GroupThe Sorpresa group is made up of 5 hard-working women and one man, who do whatever is possible to provide their families with a better quality of life. The group members are Adelina, Juana, Leticia, Juliana, Benita and Noé; all of the members are applying for this loan to invest it in buying lambs. Only Leticia (Lety) will use it for her embroidery business. The group name was chosen by Lety, who says that they decided to use this name because the day that the institution called at the house to invite them to apply for their loan, she was very surprised by it and she thought that this was a good choice for a name.
Another member, Benita, is 46 and married to Pablo who is a bricklayer. They have lived together for quite some time and have a family of six children, three of whom still live at home and go to school.
Benita raises sheep which she buys when they are young, and fattens them for three or four months to sell. Sometimes a customer wants a baby lamb, which she also sells. She has been in business for 20 years, "I began raising sheep through another micro-lending instititution and never ran into any problems, except for sheep illness, but nothing serious." Benita is an enthusiastic worker whose greatest goal is to see her daughters finish their careers so they can have a better quality of life. The members of the group are very grateful to Vision Fund and KIVA for the loan since it will allow them to improve their business activities.
Doña Benita se dedica a la crianza de borregos los compra desde que son unos coorderitos para criarlos por tres o cuatro meses para que cuando ya estén grandes y gordos los puedan ofrecer pero si algun cliente quiere algun coorderito recien nacido lo vendo tambien, Doña Benita tiene ya 20 años criando sus borregos "Inicie la crianza de mis borregos porque yo estaba en otra microfinanciera y el credito que me daban en esa microfinaciera compraba mis borregos desde que inicie con mis borregos nunca he tenido ningun problema solo si se llegan a enfermar pero nada grave" Doña Benita es una mujer muy trabajadora con mucho entusiamo cuanta que su mayor ilusion sera ver a sus hijas con una profesion que les pueda ofrecer una mejor calidad de vida. Los integrantes del grupo estan muy agradecidos con Vision Fund y KIVA por el credito otorgado porque para ellos es una manera mejorar su actividad productiva.
Previous Loan DetailsThe Sorpresa group is made up of 5 hard-working women, who do whatever is possible to provide their families with a better quality of life, and one man. The group members are Dona Adelina, Juana, Juliana, Benita and Noé; all of the members are applying for this loan to invest it in buying lambs. ... More from Sorpresa 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Jan 31, 2013
- Feb 4, 2013
- Currency Exchange Loss:
- Jun 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.