San Judas (Flat) Ahorros Group
Update on San Judas (Flat) Ahorros GroupMartha, 33, is another member of San Judas Group. She's a single mother and has three small children, Jorge, José, and Jesús, who currently attend elementary and secondary school.
Martha says she decided to invest in her own business four years ago because she didn't want to neglect her children while working. So she decided to set up a small stand in her home to sell Mexican snacks (empanadas, tostadas, sandwiches, potatoes) on the weekend (Friday, Saturday, Sunday) to earn her own income and improve her children's lives.
She says that because she has the time to do this job she has attracted good customers who spend in her business. She decided on this business because food always sells and she likes to cook.
Martha hopes this loan helps her buy masa, oil, beans, tortillas, cream, cheese, lettuce, chicken and beef, chili peppers, potatoes, onion, tomatoes, and garlic so she can continue selling.
Martha would like to continue making progress with her business in the future so her children will keep on going to school.
The other members of the group are Ana Guadalupe, who sells groceries; Clarissa, who sells snacks; and Nicolás, who raises pigs.
Ella comenta que como ya tiene tiempo desarrollando esta actividad ha ganado buenos clientes los cuales acuden a su negocio hacerle el gasto, ella decidió por esta actividad ya que la comida siempre se vende y le gusta cocinar.
Ella espera que este crédito le ayude a compra masa, aceite, frijoles, tortillas, crema, queso, lechuga, carne de pollo y res, chiles, papas, cebollas, tomates y ajos para continuar con sus ventas.
Futuro le gustaría que su negocio continúe progresando para que sus hijos continúen estudiando.
Los demás integrantes del grupo son:
Ana Guadalupe venta de abarrotes
Clarissa venta de antojitos
Nicolas cría de cerdos
Previous Loan DetailsAna Guadalupe, 35, only attended primary school; she’s a single mother of a little girl. She relates that since she didn't have much formal education her parents taught her when she was very young to work in order to get ahead. A little more than three years ago, though, with help from her fami... More from San Judas (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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