Las Artesanas Del Fresno Group
Update on Las Artesanas Del Fresno GroupThe communal bank Artesanas del Fresno has had several loan cycles with the institution. This time there are just six members, three who are new and three who have worked with the institution. The group chose its name based on the members' needlework. Zenaida, a member, is 42 and has been married to Román for 21 years. Their two children are students. Román is a construction worker, and Zenaida decided 21 years ago to help her husband meet household expenses by doing needlework to sell.
She is applying to the institution for a loan to buy materials such as fabric, different colors of thread, and special needles to make handicrafts like quilts, coats, vests, and jerseys. Zenaida says that, as a child, she carefully watched her mother make handicrafts and slowly learned the trade. Some techniques such as braiding were difficult, but she was able to learn them over time. Zenaida claims, “I like my work because it lets me help my husband with expenses and our children's education, but it also is a way to preserve our craftsmanship, which many people have lost because they don't appreciate our work as much as we would like." She feels this way because the selling price doesn't cover the cost of making the garments.
Zenaida will sell her garments to a clothing store in the capital. She can leave the merchandise there so the vendors can make a selection. She goes back to see if items have been sold because often the vendors don't return her garments or pay her and simply say that the garments were lost. It seems to be the only way to sell artesania, as selling door-to-door in other towns is very hard; if people buy, it's hard to collect payments. So, she takes her merchandise to the store in the capital.
Zenaida is happy to have the loan because it will allow her to buy the material she needs to keep creating handmade garments. Zenaida would love to see her children follow a professional career that would provide more income. The communal bank members are: María de los Ángeles, who will buy cosmetics, and María Juana, Nancy, Zenaida, María de la Luz, and Angelina, who will buy materials to make artesanía. Like Zenaida, they are grateful to KIVA and VisionFund for the loans.
Zenaida está muy contenta por el crédito otorgado porque le será de gran ayuda para comprar el material que le hace falta y así podrá seguir trabajando con la elaboración de sus prendas artesanales a Doña Zenaida le gustaría que sus hijos puedan terminar una carrera profesional para que puedan tener un mejor sustento económico. Las integrantes del grupo son María de los Ángeles quien invertirá su crédito en productos de belleza, María Juana, Nancy, Zenaida, María de la Luz, Angelina ellas compraran material para la elaboración de sus artesanías. Ellas como Zenaida están muy agradecidas con KIVA y VisionFund por todos los créditos otorgados.
Previous Loan DetailsThe “Las Artesanas del Fresno” (The Ash Tree Artisans) group is located in Fresno Nichi a place where trees predominate. It’s composed of nine women who are all embroidery craftswomen. The group is called Las Artesanas del Fresno precisely because of the activity they carry out and ‘fresno’… More from Las Artesanas Del Fresno 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.
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Success!! The loan was 100% repaid