Update on Benemerito GroupThe group "Benemerito" is made up of nine people. All of them are neighbors from the same community. It is a very beautiful community characterized by its enormous lake. The group members say that they can take advantage of the lake to fish for free. The community is also distinguished by its giant trees. The town's biggest holiday is celebrated on August 2, the day of Our Lady of the Angels.
Doña Yola, as she is affectionately known, is 38, and has been married to Raul for 20 years. He works as a construction worker. Together, they have made a family with five children. Yola is asking for the loan to buy notions like marbles, clothespins, ribbons, brooches, hairpins, nail clippers, files, and hooks, etc. This is her first time doing this activity. She has never had a business like this one. Previously she worked raising, fattening, and selling chicken, but she doesn't want to stay in this line of work because coyotes eat the chickens. Yola is planning on selling her goods by the door of the church. On Sundays, her daughters will attend to her business while she works as a domestic employee.
She is very glad she will start her business. She didn't have money to purchase her products, but thanks to the loan, she will have her new business. Thanks to this, she will be able to earn more income for her family. Yola wants to have her own, larger business in her home, with the ultimate goal of being able to help out with household expenses and the education that her children want. "Two of my children did not want to continue studying, but I want the other three children, who are still studying, to study a professional degree."
Just as Yola wants to better herself, the other group members are asking for a loan to invest in their economic activites: Marybel sells aprons and flowers, Trinidad has a beauty salon, Elena sells aprons, and Maria and Rosa Maria raise yearling sheep. Aurea and Filiberto will invest in their bull calves and feed and Teresa will invess in her sweet sales. They are very glad and grateful to Kiva and VisionFund for the chance to get their loan.
Doña Yola como le dicen de cariño tiene 38 años de edad está casada desde hace 20 años con el señor Raúl quien trabaja como albañil juntos han formado una familia con cinco niños. Doña Yola está solicitando el crédito para comprar artículos de mercería como bolitas, pinzas, moños, prendedores, pinzas para el cabello, cortaúñas, limas, ganchos etc. Es la primera vez en esta actividad nunca había tenido un negocio así, anteriormente se dedicaba a la cría, engorda y venta de pollos, pero ya no quiere continuar con la actividad porque se los comen los coyotes. Doña Yola tiene pensado vender sus artículos de mercería en la puerta de la iglesia los días domingos atenderá su negocio una de sus hijas mientras Doña Yola trabajara como empleada domestica. Ella está muy contenta porque iniciará con su negocio, no tenía dinero para invertir en sus productos pero gracias al crédito tendrá su negocio nuevo, gracias a esto ella podrá obtener más ganancias para su familia. La señora Yola desea tener un negocio propio en su casa y mas grande, todo con la única finalidad para poder ayudar con los gastos del hogar y educación de sus hijos quiere “Dos de mis hijos ya no quisieron seguir estudiando pero sí quiero que los otros tres niños los cuales son los que aun estan estudiando terminen de estudiar una carrera profesional” al igual que Doña Yola quiere superarse también los demás integrantes están solicitando el crédito para invertirlo en sus actividades económicas:
Doña Marybel venta de mandiles y venta de flores
Trinidad en su estética
Elena en venta de mandiles
María y Rosa María en la cría de sus borregos
Aurea y Filiberto invertirán en sus becerros y alimento
Teresa en la venta de dulces
Ellos están muy contentos y agradecidos con KIVA y VisionFund por la oportunidad de recibir su crédito.
Previous Loan DetailsThe group is called “Benemerito”, it's located in Pueblo Nuevo of Los Angeles, which is a community with lots of vegetation, in addition there is a large and clean dam, people from this community are known as nice and attentive to their visitors, they decided the name of the group based on the na... More from Benemerito 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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
14View loans »
Success!! The loan was 100% repaid