Update on Peñitas GroupDoña Adelina or Ade, as she is better known, is a very hardworking and very enterprising woman who is characterized by her kindness. She is part of the group Penitas, is 31 years old, and lives with her common-law husband Sixto . Together they have formed a family with three daughters who are all in school. Ade has had a greenhouse for the past nine years and is currently requesting a loan from Kiva and VisionFund to buy more seeds of cilantro, tomatoes, carrots, lettuce, etc. She needs the money to be able to continue planting vegetables. Without the loan it will be difficult to buy the seeds because the cost has risen sharply. Ade tells us how she acquired her greenhouse: "I always liked working in the fields, I always wanted a greenhouse but had not enough money to build one." For a good greenhouse structure, she needed good capital , she says "... but I still wanted to plant vegetables. I built a small kitchen garden with disposable materials like thin sticks and some old sacks to cover my vegetables ." Ade always worked with great dedication to get good crops, but one day she had the opportunity to request a greenhouse from a government program . For Ade, this news was very welcome. Just having the structure (which is very expensive) made her very happy. Ade has had this greenhouse for nine years and she grows all kinds of vegetables for several months. She works very heard and then sells her vegetables to her neighbors as she never liked going out to sell on the streets or in the markets. Her sales are very good because her neighbors buy all her merchandise. She often no longer has to go out and sell because they come to her house to buy. Nevertheless, the only challenge Ade faces is the lack of water to irrigate her plants. In the community where she lives it is prohibited to use the drinking water for crops so, when it rains, she captures as much water as possible to use as her greenhouse irrigation. The real problem is that in times of drought she often fears losing her entire crop. Ade's goal is to plant in large quantities to sell or deliver directly to her customers She also wants to have a stall in a more central location from which she can sell her vegetables.
Ade has dreams and the other group members also want to fulfill theirs and this is why they are requesting a loan to invest in their businesses: Bibiana will invest in toys for cotton candy; Juana in rabbits, chickens and turkeys; Ines Luis in her workshop; Irenaeus in oats; Andres in taxis; Martha in a grocery store; and Virginia in clothes. The Penitas group is located in a very beautiful community that is characterized by its large trees and by the fact that it is usually very cold. The group consists of 11 people who are very hardworking and responsible and who always try to be very punctual in any situation where they need to get together and talk. They chose the name of their group because it is the name of their community and it is in the Mazahua language.
Así como Ade tiene sueños los miembros del grupo también quieren cumplir los suyos es por eso que están solicitando un crédito para invertir en sus negocios: Bibiana en juguetes para los dulces de algodones, Juana en conejos, Ines en pollos y guajolotes, Luis en su taller, Irineo en avena, Andres en taxis, Martha en tienda de abarrotes y Virginia en ropa. El grupo Peñitas se encuentra en una comunidad muy hermosa lo que caracteriza sus arboles grandes también por lo general hace siempre hace mucho frio siempre, el grupo está integrado por 11 personas las cuales son muy trabajadoras y responsables siempre tratan de estar muy puntuales con para cualquier situación que se tenga que hablar con su grupo el nombre del grupo lo eligieron porque así se llama la comunidad donde pertenecen y al parecer está en la lengua mazahua.
Previous Loan DetailsThe “Peñitas” group is located in a very beautiful community characterized by its large trees and also because it’s usually always cold there. The group has 11 members who are very hardworking and responsible and always try to be very punctual on any occasion when the group needs to be addressed... More from Peñitas 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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