Las Artesanas Del Fresno Group
Update on Las Artesanas Del Fresno GroupThe “Las Artesanas del Fresno” group consists of six members who are all close neighbors and friends in a Mazahua community with many lush trees where many people make embroidered handicrafts. Members of this community have remained loyal to their customs and traditions, one of the most important being the Mazahua language. The group members decided on their name because they all make embroidered handicrafts. Doña Alejandra, a new member of the group, is 51 and has for 28 years been married to Marcos. They have four children who are all independent. Doña Alejandra has made handicrafts for forty years, having learned embroidery very young because her mother was also an embroiderer. Doña Alejandra explained, "Knowing how to embroider is a tradition. If someone here doesn't know how to embroider, it's as if that person didn't live in the community because this skill is a part of our customs." Doña Alejandra sells handicrafts from her home and has no difficulty making them. She is seeking this loan to purchase materials such as needles, yarn, wool thread, etc. "The loan will help me greatly because it will allow me to purchase materials more easily." Doña Alejandra's challenge is the lack of a market where she can sell her handicrafts. It's difficult to earn a good income in her community and surrounding towns. "I'd like to find a way to help us identify a good market or some other way to offer our crafts," she explained. Doña Alejandra and the other group members share the goal of improving their families' quality of life. They each strive diligently to earn a better income so they can meet their household expenses: children's education, clothing, shoes, and more food. Doña Angélica and the other group members are all very grateful for the loan because it will allow them to invest in their business. Doña Ángeles will purchase cosmetics, while Doña Angelina, Zenaida, Martina, and Guadalupe pull purchase materials to make their handicrafts.
Previous Loan DetailsThe communal bank Artesanas del Fresno has had several loan cycles with the institution. This time there are just six members, three who are new and three who have worked with the institution. The group chose its name based on the members' needlework. Zenaida, a member, is 42 and has been married… More from Las Artesanas Del Fresno 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