Los Trapiches Group
Update on Los Trapiches GroupThe members of the "Los Trapiches" communal bank have known each other for more than 20 years. Their experience together has led them to consolidate as a group to borrow from Mexico's Vision Fund. With these loans, they have gradually expanded their businesses. They comment that the best thing is that they love each other like family.
This group has 7 members, each with their own business activity that generates income and helps them cover their household expenditures. The members include: Hortencia, who sells clothing, Petra, who sells shoes through a catalog, Rocio, who sells shoes, Gabina, who sells clothing, Jorge, who sells drinks, Claudia, who sells bread, and Alberto, who is a bricklayer.
Alberto is a happy person who, in spite of his illness and walking with a cane, has been working for 3 years as a bricklayer. He comments that he learned from his uncles, who used to help him when he was young. "I started working as a bricklayer to support my parents with the household expenses," he comments. He also says that when he is hired to build a house or room he feels satisfied with the work that he performs and his ability to contribute to his family's welfare, and this is particularly the case when he works in his neighborhood where the people helped him so much when he suffered an accident. This loan will help Alberto to buy masonry tools including: levels, masonry string, a chisel, a hammer, a sledge hammer, and nails so that he can continue with his work.
The members of this group comment that most of the people in the neighborhood know Alberto as "The Builder." Alberto says, "Thanks to God and to VisionFund Mexico for providing us with new opportunities."
Note: in the photo, Alberto is standing behind his sister Petra, who is dressed in blue and is seated.
El grupo esta integrado por 7 personas de las cuales cada una de ellas se dedica a una actividad económica productiva la cual les da ingresos y con ellos solventan parte de los gastos de su hogar:
Hortencia- Venta De Ropa, Petra- Venta De Calzado Por Catalogo, Rocío- Venta De Calzado, Gabina - Venta De Ropa, Jorge- Venta De Refrescos, Claudia- Venta De Pan y Alberto- albañilería.
Alberto es una persona alegre quien a pesar de estar enfermo y caminar con ayuda de un bastón se ha dedicado desde hace ya cerca de tres años al oficio de albañilería. Comenta que aprendió de sus tíos a quienes ayudaba desde joven. “He iniciado con el oficio de albañil para apoyar a mis padres con los gastos de la casa” de igual manera comenta que cuando lo contratan para construir alguna casa o cuarto se siente satisfecho con el oficio que desempeña al poder contribuir con el bienestar de una familia y más si si se trata de su barrio donde le ayudaron demasiado cuando él sufrió un accidente. El préstamo otorgado lo utilizará para la compra de niveles, hilo, cincel, martillo, marro, clavos, para continuar con su actividad. Los integrantes del grupo comentan que la mayoría del barrio conoce a Alberto como “El constructor”.
"Gracias a Dios y a VisionFund México por brindarnos nuevas oportunidades" comenta "El Constructor".
***En la foto: Alberto está de pie detrás de su hermana Petra, vestida de azul y sentada.
Previous Loan Details"Los Trapiches" is the name of a group made up of five kind, cheerful, and very hardworking people. Each one of them has a financial activity: Hortencia sells clothing, Claudia runs a nutrition club, Petra and Rocio sell footwear, and Alberto offers brickwork services. This group is located in a ... More from Los Trapiches 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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