Union Y Amistad Group
Update on Union Y Amistad GroupLidia is 30-years old. She is a native of an indigenous community called Macho de Agua, which adjoins the State of México. An office for Visión Mundial there helps low-income children to have a better quality of life. Lidia has two children who are sponsored by Visión Mundial, and she says that thanks to this organization her children live in better conditions. They are watchful of their nutrition, health and education so they can be productive members of their community and their country. In addition, Lidia gets training on how to have a stable business. She decided eight years ago to have a business raising and selling pigs. Her husband made her a number of pens so she could keep her pigs in good conditions. She says that she decided to sell pigs because in her community nobody was doing so. And so she got excited about it. In addition, the pigs are easy to feed. She says that her husband helps her to sell them, as he takes them in a pick-up truck to a town where there are street markets every Thursday. He sells them there. She says that there are two months a year that she sells a bit more, which are June- because of the school closings- and December- because of the December Christmas celebrations and the New Year. She also says that in her town, people come to her house to buy pigs. She has three big pigs which are the ones that give offspring, so she keeps the big ones. She also has a stud, which she doesn't sell. Right now Lidia is asking for a loan to purchase animal feed and inoculations for the animals to keep them in the best possible condition.
Lidia belongs to a communal bank called "Unión y Amistad" (Union and Friendship) which has been working together for various cycles. She says that they are doing well in their businesses. The other members are Ofelia, Marisol, Fabián and Gilberta. They will invest in their businesses, which are an avocado garden, a school cooperative, medications for a pharmacy and clothing for babies and women.
Previous Loan DetailsDoña Ofelia is part of the "Unión y Amistad" [Togetherness and Friendship] Group. It's a group located at the border of the Mexican states of Michoacán and México. It is a heavily vegetated indigenous Mazahua region where the people care for and protect the forests from gangs of illegal loggers.… More from Union Y Amistad 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