Update on Gardenias GroupLucina, 38, is married to Eduardo and has two children. Her oldest child is sponsored by World Vision Mexico. For two years, Lucina has been working for the cooperative primary school in her community. Her town is located in an indigenous area within the limits of the state of Michoacán, Mexico, a beautiful place with pretty landscapes that can be seen surrounding the community.
She says that in the cooperative, she makes lunches as well as Mexican "antojitos" (corn-based snacks) such as tacos, quesadillas, enchiladas, pambazos, and flavored water, which she sells to students and teachers at the primary school. She says that she is going to stock up with the ingredients she buys in the city of Zitacuaro, because in the central supply store she can find better prices and then earn a profit. She also says that she sells sweets and soft drinks in different flavors, and that she is applying for this loan to buy ingredients to make the food and "antojitos" which she will sell to the schoolchildren.
She says that she cooks the meat, makes sauces and slices and disinfects tomatoes, onions, and lettuce one day early. Very early the next day, she makes the stews and antojitos so that she can be ready to sell her food during the recess at 9:30. She also sells food during the lunch hour, at 2pm, and during the recess for students in the evening shift at 4pm. She says that she has two girls who help her to serve the food because she can't keep up by herself. She is grateful for this loan because she can stock her business and she will have the ingredients to make her food.
The other members of the group are Domitila, Gabriela, Eriqueta, Martha, Laura, Sebastiana, Ivon and Hilda. They will use this loan to buy ingredients for Mexican antojitos, to buy materials to embroider tablecloths and napkins to sell, to buy sheep and the feed to raise and sell them, to buy goods to stock a grocery store, and to buy feed for chickens and turkeys to raise and sell them.
Previous Loan DetailsRicarda, 51, is from a town called Macho de Agua, a place rife with natural resources where the main source of employment is artisanal embroidery work and raising sheep. She belongs to a group called “Gardenias” and she says they named it thus because the house they meet in has gardenias and to ... More from Gardenias 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