Chalmita Ganaderia Group
Update on Chalmita Ganaderia GroupSara is 26 years old and is from an indigenous community called Lindero which is located in the state of México. She is the mother of one son who will soon begin school. She says that she is excited for her son to go to preschool. Although the costs are high between the materials that the school requests she purchase and the uniform required, she says that it is all worth it for her son to study so that when he is older he will have a good job because the work in the fields is very difficult.
She belongs to a group when requests loans to improve their businesses in order to be able to get income and improve their living conditions. Her group is called Chalmita because she and her group members are followers of the holy saint of Chalma. She has been making a living over sheep for two years and says that she began this business to support her husband with the household expenses and also so that she can have her own income. She says that her sales are best during the months of May, June and December. During May and June it is because the schools are closing so the parents are making food and having parties to celebrate their children leaving school, and in December it is because of Christmas Eve, Christmas Day and New Year's celebrations.
She comments that her sales are going well and she is now requesting a loan to buy food for her the seven sheep that remain from her recent sales. She also wants to buy a ewe to continue raising more lambs. She also raises and sells turkeys which are easier to care for than sheep. She buys the sheep from others in her community and she sells them from her home. Her husband also sometimes brings the sheep and turkey to sell in a community called Zitacuaro where an open air market is held on Thursdays when they need money more urgently.
She is thankful to Visión Fund for the loan that is being given to her so that she can improve her business. The rest of the members of the group include Cecilia, Esperanza, and María Marcelina. They invest their loan amounts in a grocery store and to buy sheep and animal feed.
Previous Loan DetailsAngélica is 23 and belongs to a group called Chalmita Ganadería and says that they chose this name because there is a settlement called Chalma in their state. Chalma has a saint whom they venerate so that things will go better for them in their daily lives. Angelica says that she has worked for a... More from Chalmita Ganaderia 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