Las Ranitas (Flat) Group
Update on Las Ranitas (Flat) GroupAngelica is an enterprising woman that has worked for over 8 years breeding pigs and selling cosmetics. She says she decided to start working in her own business because she wanted to help her husband with the household expenditures, so she started earning some money by acquiring and breeding pigs. Since then she has been dedicated to this activity.
Angelica says she has to spend her time feeding the pigs and keeping the pens clean, but all of this is completely worth it when she gets to obtain a good amount of money for her sales. In her free time she also sales cosmetics from a catalog line to have an extra income. A loan from Kiva and VisionFund will help her to buy pig feed and cosmetics. She hopes that with this investment her business will be prosper and she will be able to give her family a better quality of life.
Other members of the group are: Teresa, who sells natural products; Alejandrina, who sells food; Verónica, who sells honey and cosmetics; and Agustina, who sells traditional corn-based Mexican dishes.
Los demás integrantes del grupo son: Teresa venta de productos naturistas, Alejandrina venta de comida, Verónica venta de miel y cosméticos y Agustina venta de antojitos.
Previous Loan DetailsDoña Teresa is a member of a group called Las Ranitas. She is 63 years old, married to Macario, a day laborer, and only has a middle school education. Doña Teresa has grown noni fruits for a little more than a decade, caring for a small orchard at her home and harvesting the fruit. She says t... More from Las Ranitas (Flat) 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