Santa Rosa Group
Update on Santa Rosa GroupThe "Santa Rosa" group has seven members, six of whom are women. They are all very responsible and hard-working. They say that they chose their name after the patron saint of their village, one of the most celebrated in their community.
Magdalena is a member of this group. She tells us that she is 38 and has been married to Lucas for 20 years. Together, they have formed a family. They have three children, of whom only one goes to school because the others are still little.
Magdalena has sold clothing for two years. She tells us that she started her business because her husband is often unemployed and they had many economic problems. She says "I really like helping my husband with the household costs and our children's education. My earnings allow us to live more comfortably without worrying about finances." Every weekend, Magdalena travels to the capital to buy more clothing that her clients order. Every day, she goes out to sell door-to-door in other communities.
Magdalena's only difficulty occurs when clients are very late in paying her. Smiling, she says "I would also love to have a car to get around more quickly and get my orders in on time."
Magdalena is requesting this loan for the purchase of more clothing. She plans to purchase more in-style clothing because it will be easier to sell. Her earnings will help her to cover her household costs, but above all it will pay for her children's education. For Magdalena, her children are the most important aspect of life.
The group is very happy and grateful to Vision Fund and Kiva for the loan that each of them will receive, since it will be a great help for them in expanding their businesses. Luis will invest in his juice business; Cristina will invest in her grocery store; Elizabeth, Acela, Teresa, and Norma will invest in buying sheep to fatten and sell; Luisa will invest in buying aprons for sale; and Sandy will invest in her school supply store.
Doña Magdalena es integrante del grupo, platica tiene 38 años de edad y esta casada con el señor Lucas desde hace 20 años juntos han formado una familia con tres niños de los cuales solo uno va a la escuela porque los otros dos niños aun son pequeños.
Doña Magadalena se dedica a la venta de ropa desde hace dos años platica que inicio con su actividad porque muchas veces su esposo se encuentra desempleado y tenian muchos problemas economicos. Doña Magdalena comenta "Me gusta mucho apoyar a mi esposo con los gastos del hogar y la educacion de mis hijos, con mis ganancias vivimos mas tranquilos sin preocupaciones economicas". Doña Magdalena todos los fines de semana viaja a la capital para comprar mas ropa que seguramente les encargaron sus clientas y todos los dias sale a vender a otras comunidades de casa en casa ofreciendo su mercancia.
La unica dificultad de Doña Magdalena es cuando sus clientes se tardan mucho tiempo en pagarle, Doña Magadalena sonriendo comentó "Tambien me gustaria mucho tener un automovil para transportarme mas rapido y asi entregar a tiempo mis pedidos".
Doña Magdalena esta solicitando el credito para comprar mas ropa en general esta vez piensa comprar mas ropa que se encuentre a la moda porque así sera mas fácil vender sus prendas, sus ganancias le ayudarian a solventar los gastos del hogar, pero sobretodo la educacion de su hijo, para Doña Magdalena lo mas importante son sus niños.
El grupo esta muy contento y agradecido con Vision Fund y KIVA por el credito que cada integrante recibira ya que para ellos sea de gran ayuda para hacer crecer sus negocios. Como Don Luis invertira en sus juegos artificiales, Doña Cristina invertira en su tienda de abarrotes, Elizabeth, Acela, Teresa, Norma invertiran en borregos para engorda y venta, Doña Luisa invertira en Baberos para su venta y Sandy invertira en una tienda escolar.
Previous Loan DetailsThe Santa Rosa Group is made up of seven members, six women and one man. All are very responsible and hardworking. They chose this name for the group because Santa Rosa is the patron saint of their town, and she is one of the most famous virgins in the community where they live. Doña Cristina ... More from Santa Rosa 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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