El Triunfo (Flat) Ahorros Group
Update on El Triunfo (Flat) Ahorros GroupBertha is another member of the communal bank "El Triunfo". She is 49, has a primary education and is married to Margarito who works as a wage earner. They have five children who are all adults and work.
For four years, Bertha has been working as a merchant. She has a small grocery store at home which she began by selling only soft drinks. Little by little she introduced more products and expanded the business. She is very happy with this activity because in addition to earning her own income she offers a service to the people in her community. It is one of the few stores in the town which helps sales volume even more. She says groceries are always sold, no matter what the season or money situation may be.
A loan from VisionFund will help her buy beans, oil, rice, coffee, sugar, salt, cookies, sweets, soft drinks, detergents and canned goods to stock her business. She hopes this investment will allow her business to proser so her family's quality of life will improve.
The group is grateful for the support received through the Kiva and VisionFund loans for their business.
The other members of the group are: Emma who sells groceries, Heladia who raises pigs, Emiliano who grows sugar cane, Gabino who grows sugar cane, Teodoro who sells soft drinks and Laura who sells snacks.
Bertha es comerciante desde hace 4 años, ella tiene una pequeña tienda de abarrotes en su hogar cuando ella inició con su actividad solo vendía refrescos poco a poco fue metiendo más productos y haciendo crecer su negocio, ella está muy contenta con su actividad ya que además de ganar su propio dinero brinda un servicio a la gente de su comunidad ya que es una de las pocas tiendas que hay en la localidad lo cual ayuda a que vende un poco más, también dice que el abarrote siempre se va de no hay temporadas diario cae dinero.
Un crédito de VisionFund le ayudara a comprar frijol, aceite, arroz, café, azúcar, sal, galletas, dulces, refrescos, detergentes y productos enlatados para resurtir su negocio.
Ella espera que con esta inversión su negocio prospere y la calidad de vida de su familia mejore.
Este grupo agradece el apoyo que han recibido atraves de estos créditos de Kiva y VisionFund para sus negocios.
Los demás integrantes del grupo son: Emma venta de abarrotes, Heladia cría de cerdos, Emiliano siembra de caña de azúcar, Gabino siembra de caña de azúcar, Teodoro venta de refrescos, Laura venta de antojitos.
Previous Loan DetailsEl Triunfo (Triumph) is a group made up of six people and located in Plan de Villa, where the main source of employment is in the fields planting and growing sugar cane. Emma is one of the members of El Triunfo group. She is 29 years old, did not have the opportunity to study, and is the sing... More from El Triunfo (Flat) Ahorros 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