San Alejandro Agricultura Group
Update on San Alejandro Agricultura GroupVerónica has been a member of this group for several loan cycles and says that she has noticed improvements in her business over the years as a result of the loans she has taken out. She says: "When I started working with the financial institution I only had one greenhouse. Now I have 10 because I have put a lot of effort into growing my business". Verónica has been growing and selling poinsettias wholesale for 12 years. She says that her best months in terms of sales are October to December and that she grows different varieties of poinsettia. She says that her husband sells the plants in the State of Mexico and that she grows more than 7,000 plants each season. As a result she has enjoyed good sales.
Verónica is gradually building her home from concrete as her previous home was built from wood. "Although my work is very hard, it is very satisfying to see my customers when they leave with a happy smile on their faces because my flowers are such good quality". Vero, as she is known in her community, is requesting a loan to buy plant pots, soil and fertilizers because the growing season has just started and she needs the plant pots to start dividing up the poinsettia cuttings that she will begin growing. She says that she invites people to come and buy from her or visit her nurseries which are also a tourist attraction.
The other three members of this group are called Braulia, Berenice and Sonia. They will invest their loans in buying supplies for growing poinsettias and items with which to stock a grocery store.
Previous Loan DetailsBraulia is 35 years old and belongs to the San Alejando group, which is the same name as the group's community. Braulia is married and has three children. She is originally from this community, where the economic activity is growing poinsettia and making hand-made crafts. She says that there are a… More from San Alejandro Agricultura 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