Update on Sorpresa GroupThe Sorpresa group is made up of eight people, seven women and one man. All of them are very hard-working people. Hilaria is part of the Sorpresa group. She is 44 years old, and she has been married to Juan for 26 years. Together they make up a family with six children, two of whom are still dependent upon them.
Hilaria is a very hard-working person. She says that she has been raising, fattening, and selling sheep for 27 years. She says that she started this business activity because when she was little her parents taught her how to care for these little animals. When she got married to Juan she had to start her own business in order to be able to help with the household expenses and her children’s education because often Juan’s work did not cover the household expenses. Somehow, Hilaria had to help him. She says, “The truth is that I really liked helping my husband in this way because it allowed me to be with my children and not neglect them”.
This time she is requesting the loan to buy more lambs and fodder, which will serve to feed her animals. For years her profits were very good, but she is now facing competition that she has in her own community. Most of her neighbors raise lambs. Therefore, it is more complicated when it is time to sell. People don’t want to pay the price they have normally been paying for lambs. Nevertheless, this does not stop her from achieving her dreams. Hilaria's only goal is to see her children professionally fulfilled. She wants them to be able to finish studying a professional career even though her other children were not able to complete a career.
Hilaria is very happy and grateful to Kiva and Vision Fund for the loan that was granted. The other group members are Leticia, who will invest in her embroidery, Adelina, Juana, Noe, Juliana, Benita, and Graciela will invest in sheep. because they will be able to invest like Leticia will invest in her embroideries and Adelina, Juana, Noe, Juliana, Benita, and Graciela will invest in lambs.
Previous Loan DetailsThe Sorpresa group is made up of 5 hard-working women and one man, who do whatever is possible to provide their families with a better quality of life. The group members are Adelina, Juana, Leticia, Juliana, Benita and Noé; all of the members are applying for this loan to invest it in buying lambs.… More from Sorpresa 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