Las Azucenas De Pueblo Nuevo Group
Update on Las Azucenas De Pueblo Nuevo GroupAnayeli is 19 years old. She is a young woman who still lives with her parents and studies in an “open” high school (an alternative adult school) on Saturdays in order to have time to help at home with the household chores. She says that it is the first time that she has asked for a loan and that friends of her mother encouraged her to enter the group “Las Azucenas de Pueblo Nuevo” (Pueblo Nuevo Easter Lilies). They commented to her that they had given that name to the group because in her home her mother has a very big garden with lily flowers.
Ana, as she is known, put a grocery store in her house about a year ago in order to be able to work during the week and keep an eye on her home and on her younger siblings since her parents go out to work and also to help pay the tuition fees of the high school. Ana is requesting a loan from VisionFund to stock a little bit more of everything that she sells like eggs, milk, toilet paper, oil for cooking, diapers, sugar, salt, eggs, tuna, napkins, soft drinks, cookies and some candy in order to sell a little bit of everything. She says that on Saturdays she goes to a store in her town where they sell wholesale and give her low prices. She says that later on she wants to sell cold cuts and put in different dairy products. She says that upon finishing her high school studies she wants to go into studying to be an educator because it would be one of her greatest achievements.
The other members of the group are Alma Isabel, Gabriela, Marisela, Fabiola, María Isabel, Irma, Adelina y Jarintzi. They will invest in the purchase of bedspreads to sell, in the purchase of supplies to make bread, to stock a grocery store, to buy chicken to sell by the kilo, to buy cosmetics and perfumes to sell and to stock shoes for women and men to sell.
Previous Loan DetailsLeonarda, 62, is a very hardworking, cheerful woman who makes all the group meetings pleasant. She relates that she only studied up to sixth grade in elementary school because her parents did not have the resources to send her to school because they were 11 siblings. She is part of the “Las… More from Las Azucenas De Pueblo Nuevo 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