El Fresno De La Soledad Group
Update on El Fresno De La Soledad GroupFrancisca is 46 years old. She is a hardworking woman. She likes the land where she lives; it is a place full of vegetation and beautiful views. They named their group "El Fresno de la Soledad" ["The Ash of Solitude"] because where they were meeting, there was a big ash tree, and to locate the group quickly, they gave it that name. She says that she is sad right now because her father-in-law is very ill. He was a member of the group and a very hardworking gentleman; now his health is very delicate, so she is taking care of him.
Francisca earns her living growing avocados. Where she lives, she has a big field where she grows corn, marigolds, peaches, a stubble crop, etc. She says that she has the field divided in half; in one half she has the avocado orchard, and in the other half, she grows the other crops. She is requesting a loan because she wants to buy fertilizers and insecticides to strengthen her avocado trees; she has small fruit right now, and to keep them from falling off, she needs to apply these materials. She says that she has 180 trees and she and her husband take care fo them because they hope to one day leave them to their children as an inheritance.
She says that Vision Fund has made several loans to her and that she has paid all of them back well, and that thanks to those loans, she has been able to make her farm grow. She says that with the profits that she will earn from her avocado crop, she is planning to buy a higher-capacity pump to water her trees. The other members fo the group are named Rogelio, Juan, and Luis Antonio. They will invest in the purchase of items to stock a grocery store and supplies to improve the conditions of avocado orchards.
Francisca se dedica al cultivo de aguacates, dinde vive tiene un gran terreno en el cual cultiva maíz, flores de cempasúchil, duraznos, rastrojo etc. Dice que el terreno lo tiene dividido en dos partes en una parte tiene el huerto de aguacate y en el otro lado es donde siembra, ella está pidiendo un crédito por que quiere comprarle a sus árboles de aguacate abonos e insecticidas para reforzarlos ya que ahorita tienen el fruto pequeño y para que no se les caiga el fruto necesita ponerle los insumos, dice que tiene 180 árboles y entre su esposo y ella los cuidan ya que es lo que de herencia le dejaran a sus hijos.
Platica que Visión Fund le ha hecho varios créditos y que en todos ha pagado bien y que gracias a estos ella a podido hacer crecer su huerto, platica que con lo que le baya a dejar de ganancias sus aguacates ella piensa comprar una bomba con mas capacidad para regar sus árboles. Los demás integrantes del grupo se llaman Rogelio, Juan y Luis Antonio ellos invertirán en la compra de artículos para surtir una tienda de abarrotes y para la compra de insumos para mejorar las condiciones de huertos de aguacate.
Previous Loan DetailsDon Juan is 61 and married to Señora Angelina. Living with them are one daughter who studying nursing in college and two grandchildren. They help one of their daughters to support her children. Juan belongs to a group called El Fresno de la Soledad [The Ash Tree of La Soledad]. He says that they… More from El Fresno De La Soledad 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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