La Carrera Group
Update on La Carrera GroupThe group “La Carrera” (The Race) consists of six women and one man. They all live in the same community and have known each other for several years. In this community, people still preserve their mother tongue: the Mazahua. Most women still wear their very colorful garments. The most celebrated party is community day, also called "The Lord of the Miracles", and is held September 14
Lety, as she is affectionately called, is a member of the group and is a very devoted to her family, but also very hardworking. She was only able to study until high school. She is 30-years-old and is married to Alberto who works as a mason. They have been married for 12 years and have formed a family with five children, four of whom are in school.
Lety has had a grocery store and a mill to grind the boiled corn (maize to make tortillas) for two years. Lety says, "My motivation for starting my business was because where we live there was not a store or a mill close by. To find these services me and my neighbors had to walk several kilometers."
This time she is requesting a loan to buy more grocery products like salt, sugar, bread, eggs, milk, soft drinks, canned goods etc. Her business is doing very well because as there is not another store that creates competition and for this reason her earnings are very good. However, she is worried because she does not have a refrigerator where she can keep her dairy products. When it comes to buying sometimes she cannot sell fast enough before the goods expire. For Lety these are lost profits and investments. Either way this situation does not stop Lety who wants to have a c a stationery store because there is also not a stationery store near where she lives. The children have to walk several minutes to get materials for their classes. Lety describes, "I am very happy and grateful for VisionFund and Kiva for all the support received through the credits because I could maintain my two businesses. My earnings are going very well which helps me improve the quality of life for my children. It is very important to me that they finish a professional degree."
The other group members are also very grateful for the loan provided because they can invest in their businesses--Alejandra in chickens and sheep, Victoria fruits and vegetables, Julia and Laura bought lambs for breeding, growing and selling, Carmen in a grocery store, and Alberto income in handiwork (wood for building).
Doña Lety, como le dicen de cariño, es integrante del grupo es una persona muy entregada a su familia, pero sobretodo muy trabajadora, estudio únicamente la secundaria, ella tiene 30 años de edad está casada con el señor Alberto quien trabaja como albañil, están casados desde hace ya 12 años, juntos han formado una familia con cinco niños de los cuales cuatro de ellos asisten ya la escuela. Doña Lety tiene una tienda de abarrotes y un molino para moler el nixtamal (Maíz para hacer tortillas) desde hace ya dos años, Lety comenta “Mi motivación por iniciar mis negocio fue porque el lugar donde vivimos no hay una tienda ni un molino cerca para poder encontrar estos servicios yo y mis vecinos teníamos que caminar varios kilómetros”. Esta ella vez está solicitando el crédito para comprar más productos de abarrotes como sal, azúcar, pan, huevo, leche, refrescos, productos enlatados etc. En sus negocios le va muy bien porque como no hay ninguna tienda que le haga la competencia es por es que sus ganancias son muy buenas. Sin embrago está preocupada porque no tiene un refrigerador donde pueda guardar sus productos lácteos, cuando llega a comprar y no lo puede vender tan rápido muchas veces se le caduca para Lety estas son perdidas de ganancias e inversión, sin embrago esa situación no detiene a Lety para querer llegar a tener una papelería porque igualmente no hay una papelería cercana donde ella vive, los niños tiene que caminar varios minutos para poder adquirir los materiales para sus clases. Lety platica “Estoy muy contenta y agradecida con VisionFund y KIVA por todo el apoyo recibido porque gracias a los créditos he podido mantener mis dos negocios, en mis ganancias me va muy bien lo cual me ayudan a mejorar la calidad de vida de mis niños para mi es muy importante que terminen una carrera profesional”. Los integrantes del grupo también están muy agradecidos por el crédito otorgado porque podrán invertir en sus negocios, Alejandra en pollos y borregos, Victoria frutas y verduras, Julia y Laura compraran borreguitos para cría, engorada y venta, Carmen en tienda de abarrotes y Don Alberto en la renta de cimbra (madera para construir).
Previous Loan DetailsThe following group is called "La Carrera." The members belong to the community of Dotegiare, which is located in the municipality of San Felipe del Progreso. The members of this group decided to give their group this name since to them it represents a race with life. They believe that life is like… More from La Carrera 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.
5View loans »
Success!! The loan was 100% repaid