Update on Dalias GroupAngel is 23 years old and comes from the community of San Felipe de los Alzati where the main source of employment is creating artisanal works out of clay and making Christmas Eve flowers. This is the first time that Angel has joined the Dalias group. He says that a friend of his mum saw that he was a reliable worker and knew that he wanted to invest in his business maintaining motorbikes, so she invited him to join. He says he learnt how to service and maintain motorbikes because a friend who had a workshop taught him how to do everything from when he was little. Apart from that, Angel has always liked motorbikes, so eight years ago he decided to start his own workshop since he got married and needed to support his family. Angel lives with his mum, who gave him a piece of land where he could set up his business. He says it is going well as he is putting a lot of effort into carrying out his repairs so that his customers will come back and recommend him.
He says that he is applying for a loan now to buy spare parts and tools that he needs for his motorcycles. He says that if he receives this loan his workshop will improve since a friend lends him tools but he wants to buy his own. He is grateful to those who have put their trust in him to give him this loan and he promises to make the most of it.
The other members of the group are Minerva, Rosalba, Leopoldo, Norma, Martina and Ana Laura. They used their loans for different businesses including a grocery store (in which the photo is taken), the purchase of second hand clothes to resell, mattresses, sheets, covers, quilts from a catalogue and material to make handcrafted garments.
Previous Loan DetailsLeopoldo is a hardworking man. He is responsible with his payments. He says that he previously was in a group but unfortunately one of the members died and the group broke up. He decided to join his neighbor’s group as he knew her as a hardworking and reliable woman. He states that he works… More from Dalias 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