Update on Barahunda GroupMaricela is one member of the "Barahunda" communal bank. She is 43 years old and is the single mother of 2 children. She studied up to primary school. She has a small business in her house where she sells clothing for men and women, shoes, costume jewelry and cosmetics.
Marciela has requested this loan to invest it in the purchase of costume jewelry (bracelets, rings and necklaces), cosmetics (nail polish, eye shadow, eye liner, foundation and perfume), clothing (shirts, blouses, shorts, dresses, pants and skirts) and shoes. Maricela hopes to expand her store in the future and provide for the education of her children. Maricela is very pleased that VisionFund and Kiva has brought this program to her community, which allows her to have a higher quality of living.
The other members of the group are: Maria de Lourdes sells perfume. Elia sells furniture. Alicia sells natural products. Victor Luis sells fish. Irais Elvira raises pigs. Elizabeth also raises pigs. Perla rents apartments. Isamar sells costume jewelry and home decorations. Santa sells soft drinks. Martha sells meat.
Maricela espera en un futuro agrandar su local y darles estudios a sus hijos. La señora Maricela se encuentra muy agradecida con VisionFund y con Kiva por haber llevado este programa hasta su comunidad el cual les permite tener una mejor calidad de vida.
Los demas integrantes del grupo son:
Maria de Lourdes venta de perfumes
Alicia venta de productos naturistas
Victor Luis venta de pescado
Irais Elvira cria de cerdos
Elizabeth cria de cerdos
Perla renta de departamentos
Isamar venta de bisuteria y articulos par el hogar
Santa venta de refrescos
Martha venta de carne
Previous Loan Details“Barahunda” is the name of this group of 11 enterprising people. Each of them has an economic activity aimed at forging a better life for their families. They decided to name their group thus because it’s the name of the community where they live and the meaning of the word Barahunda is joy and... More from Barahunda 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
- Repayment Term
- 6 months (Additional Information)
- Repayment Schedule
- Sep 13, 2013
- Oct 8, 2013
- Currency Exchange Loss:
- Jan 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.