Paccha (Nabón) Group
Update on Paccha (Nabón) GroupThe loan team Paccha is made up of five female and one male member who all live in the canton of Nabon, a place blessed with extraordinary vegetation, a cold climate, and beautiful landscapes. The people are friendly, kind, and traditional, and they still jealously guard the culture and traditions that their parents taught them, farming and raising animals being the primary source of income in the region.
One of the group members is Rosa. This is her second loan with Paccha. Rosa is 33 years old and married, and she and her husband have six children. Their oldest boy is married and lives independently, their second son is in high school, and the three younger children study in a small village school. The youngest stays at home as he is still very little. Her husband works as a bricklayer and they own their own home.
Rosa works primarily in the field, a family tradition, and this lets her support the household economy while at the same time being at home and caring for the family. She works the land and raises animals. The money from her previous loan was invested in the purchase of animals, seeds, and feed. She is cycling the loan to buy pigs, chickens, and animal feeds so she can continue to grow in this line of work and improve her household's income. She likes her loan team because at each meeting, she is able to chat with her friends about various things and build the bond among them.
Una de las socias de este grupo es la Señora. Rosa, se encuentra en su segundo crédito que realiza en el grupo de crédito Paccha.
La Señora Rosa tiene 33 años, es casada y fruto de su unión conyugal ha concebido 6 hijos, su primer hijo es casado y vive independiente, su segundo hijo está en el colegio, sus tres hijos siguientes estudian en una escuelita de la localidad y su último hijo pasa en casa ya que es aún muy pequeño. Su esposo labora como albañil, la casa en la que viven es de propia.
Doña Rosa se dedica a las tareas del campo ya que esta actividad es una tradición en su familia, esto le ha permitido aportar a la economía de su hogar al mismo tiempo que pasa en casa y puede cuidar de su familia. Ella cultiva sus terrenos y cría animales.
El dinero de su crédito anterior lo invirtió en la compra de animales, semillas y alimento, esta repitiendo
el crédito para comprar cerdos, gallinas y alimento para animales para continuar creciendo en esta actividad y así mejorar la economía de su hogar. Su grupo de crédito le gusta porque en cada reunión platica con sus amigas de varios temas y cada vez se fomenta la unión entre ellas.
Previous Loan DetailsThe “Paccha” communal bank consists of two male and six female members living in Nabón Canton. This is a cold climate place. It has several spots to enjoy nature and beautiful scenery. Its residents are kind and gracious people who strive to improve their economic situation to move their… More from Paccha (Nabón) 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