Grupo M (Flat) Group
Update on Grupo M (Flat) GroupThe members of Group M live in a very quiet community where they still maintain their native language; the residents are simple people and the community festivals are full of happiness and attention to the guests.
The members have already asked for two loans from VisionFund México, which have been a great help to continue giving boosts to their businesses. For example, Juan and Alejandra will use their loan to continue raising sheep, while Alicia and Elvia will invest it in the pigs they raise.
Elvia is 28 years old and has lived in a common-law marriage with Jesús for the past 11 years and together they form a family with three children who are currently students. Elvia is asking for a loan to buy more pigs and feed. She says that she began the work after seeing that her mother-in-law earned a good income just by taking good care of the piglets. She didn't have any problems getting used to the tasks and responsibilities of caring for the pigs. She feeds them three times daily and keeps them in a corral. When she sells the animals, she immediately uses the money to pay off her children's school expenses.
Elvia has a dream of having her own house for her children and her husband, and for this reason she doesn't think of giving up the work.
Los integrantes han solicitado ya dos préstamos a VisionFund México, los cuales han sido de gran ayuda para seguir impulsando sus negocios. Por ejemplo, Juan y Alejandra utilizarán su crédito para seguir criando borregos y mientras que Alicia y Elvia, lo invertirán en los cerditos que crían.
Elvia tiene 28 años de edad y vive en unión libre con Jesús desde hace 11 años y juntos han formado una familia con tres niños que actualmente están estudiando. Elvia está solicitando un préstamo para comprar más cerditos y alimento. Comenta que inició la actividad después de ver que su suegra obtenía buenas ganancias tan sólo cuidando bien de los lechones. Elvia no tuvo ningún problema en adaptarse a las tareas y responsabilidades de cuidar a los cerditos: los alimenta tres veces al día y los mantiene en un corral. Cuando vende los animales, Elvia utiliza el dinero inmediatamente para solventar los gastos de educación de sus hijos.
Elvia tiene el sueño de tener una casa propia para sus niños y su esposo, es por eso que no pretende abandonar su actividad.
Previous Loan DetailsWithin a very pretty community of hardworking, responsible, kind and humble people, there are a great number of adult residents who still speak their native language, which in this case is the Mazahua language. Nevertheless, the influence of various factors have caused the inhabitants to stop spe... More from Grupo M (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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