Las Cazuelitas Group
Update on Las Cazuelitas GroupThe new members of the group are Leovigilda, Fresvinda, Maximina and Esperanza. They are going to use their loan to buy materials for making pottery, such as clay, packages of glaze, and firewood.
Esther is going to buy ladies', men's and children's clothing. The other members are continuing with the existing business activities.
Esther is 43, married, and has a little son who is in pre-school. Her husband isn't employed. She sells ladies', men's and children's clothing. She applied for her loan in order to stock up on clothing, such as skirts, blouses, children's dresses, underwear, and ladies' pants.
She started her business three years ago through necessity. She sells in local markets. Her business is important because that's how she earns her livelihood. She feels proud to have her own business, to live near her customers, and serve them with friendliness.
She is re-investing her earnings in her business. She wants to expand it to buy more merchandise, in order to have a well-stocked store. She intends to achieve this with the loan and her earnings.
Her hopes and dreams are to expand her business, to have the health to be able to work, and to improve her children's quality of life.
The members of the group want to tell Kiva and the Fundación Realidad, "We appreciate the loans, because thanks to your support, our businesses and our families are moving forward."
Previous Loan DetailsThis solidarity group is called Las Cazuelitas (The Little Casseroles). It is located in Barrio San Pedro, Actopan in the state of Puebla, Mexico. The group is composed of 7 members that know each other and work in pottery creating articles of clay such as cooking pots, jars, flower pots, and dec... More from Las Cazuelitas 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