Union Y Amistad Group
Update on Union Y Amistad GroupDoña Ofelia is part of the "Unión y Amistad" [Togetherness and Friendship] Group. It's a group located at the border of the Mexican states of Michoacán and México. It is a heavily vegetated indigenous Mazahua region where the people care for and protect the forests from gangs of illegal loggers.
Doña Ofelia has had a school cooperative in her community's secondary school for five years. She says that she likes her work very much because she takes care of the meals for the kids in the school. She says that every day she makes them different types of stews and that one of her daughters helps her make the meals for both the students and the teachers. She also sells fried foods, cold drinks, flavored waters, and snacks, which she buys in the town of Zitacuaro, where she can buy them more cheaply; various soft-drink distributors deliver to her town.
Now Ofelia is requesting a loan for the purchase of ingredients that she uses to make meals, as well as fruit, since she also sells nutritious breakfasts like fruit with granola and yogurt. She also wants to buy new plates so she can better present the food that she sells. She says, smiling, "the satisfaction I have in selling food is that the kids seek me out so I can give them a nutritious lunch, and that fills me with pride because there are people who come to sell junk food, but they are loyal to me."
Ofelia says that her dream is to remodel her business and install larger benches to give better service to the kids at the secondary school. The other members of the group are named Lidia, Marisol, Fabián, Gilberta, Sandra, and Juan Carlos. They will invest their loans in the following: the purchase of sheep and feed for raising them for sale; the purchase of women's and children's clothing to sell; the purchase of seasonal fruits and vegetables; and the purchase of nutritional supplements to sell.
Previous Loan DetailsGilberta is 54 years old and is a hard-working woman. Her job is very unusual, as she has been a midwife for more than 18 years. She says that she learned on her own and little by little perfected her techniques. She is recognized by Mexico's social welfare institute, which has given training to ... More from Union Y Amistad 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