Los Cisnes Group
Update on Los Cisnes GroupAdela is a member of the communal bank "Los Cisnes" (the Swans). She has worked and struggled hard since childhood when her parents taught her that work was the way to get ahead. She is 53 years old and claims she bought a corn mill 11 years ago so she could start her own business selling corn meal.
She begins her work in the afternoons when she boils the corn for the next morning when she grinds it. After that she goes out to sell it door-to-door in the communities throughout Tierra Blanca.
Adela says "Before, people used to go to the mill to grind their corn but now they like for me to sell it to them directly at home. Going out door-to-door helps me earn my own income so I can get ahead."
A loan from VisionFund and Kiva will help her buy corn and provide maintenance for her mill so she can continue her sales activity. She hopes her business will continue to prosper so she can lead a better lifestyle.
The other members of the group are:
Teresa, food sales
Ana, jewelry sales
Narcisa, sewing shop
Concepción, grows lemons
Alicia, soda sales
Agripina, food sales
Ana Leidi, clothing sales
Jesús, grows corn, cucumber and beans
Zehen, tortilla sales
Miriam, shoe sales
Alberto, grocery sales
Ella comenta que su trabajo comienza desde la tarde del día anterior, pone a hervir el maíz para al siguiente día por la mañana levantarse muy temprano a moler el maíz y después embolsarlo y salir a venderlo casa por casa por las colonias de Tierra Blanca.
Doña Adela platica "Antes la gente iba al molino con su maíz a moler pero ahora les gusta que todo lo vayan a vender a la puerta de su casa. Saliendo a vender por de casa en casa me ayuda a ganar mi propio dinero y salir adelante"
Un crédito de VisionFund y de Kiva le ayudará a comprar maíz y dar mantenimiento a su molino para continuar con sus ventas. Ella espera que su negocio continué progresando y asi mejorar su calidad de vida.
Los demás integrantes del grupo son:
Teresa venta de comida
Ana venta de bisuteria
Narcisa taller de costura
Concepción siembra de limon
Alicia venta de refrescos
Agripina venta de comida
Ana Leidi venta de ropa
Jesús siembra de maiz, pepino y frijol
Zehen venta de tortillas
Miriam venta de zapatos
Alberto venta de abarrotes
Previous Loan Details“The Swans” is the name of this group composed of 12 happy, kind, and hard-working people. They decided to form the group to solicit these loans. And they share a common interest – offering their families a better quality of life, and, in addition, each of them pursues her own economic activity. ... More from Los Cisnes 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