El Calvario Group
Update on El Calvario GroupOlivia, 39, is the mother of three children two of which are no longer dependent on her. The eldest got married and has a little girl and the next one works and helps her with household expenses and the youngest attends primary school. She’s from the community of Crescencio Morales, a place rich in nature with beautiful scenery. It’s a Mazahua indigenous zone and most of the people dress and speak the Mazahua dialect. She belongs to a group called “El Calvario” (Calvary).
Olivia’s business is raising sheep to sell and she also grows avocados. When they are in season she goes out to sell them by the bucketful in Zitácuaro. She’s married to Santos who lives in the United States and helps her with household expenses. She opened her business because her three children used to attend school and her husband's stipend that he would send her wasn’t enough. She gradually saved up to buy sheep to raise and then sell in her town. She says that the months she sells the most are May which is when school lets out and the sheep are needed for parties given for the graduates and also in December for the Christmas feasts.
Now, she’s asking for a loan to buy feed, vaccines and anti-parasitic agents and to buy organic manure and insecticide so that her trees will be in better condition and produce better quality fruit.
The other three group members are Ruperta, Gustavo and Miguel and they will invest their loans in the purchase of sheep and feed for them.
Previous Loan DetailsMiguel, 66, is a native of the indigenous community of Mazahua-Otomí. He is a member of the communal bank "El Calvario." He says that for 3 years he has been raising and selling sheep, and he also has a small grocery store in his house where he sells basic consumer products. His wife helps him... More from El Calvario 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.
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Success!! The loan was 100% repaid