Santa Cruz Group
Update on Santa Cruz GroupFelix is a 45-year-old single mother of a 19-year-old daughter who finished high school last year, and though she does not have the opportunity to continue her education, she states that she will take advantage of one if she ever gets it. Felix is a businesswoman who sells soda, juice, chips, and vegetables. She will invest her loan in purchasing these products, and vegetables like tomatoes, chili peppers, onions, etc. She has been in business for 3 years, and she says that it is expanding little by little. Ms. Felix would like for her business to grow, and she is helping it progress. She hopes to convert it to a bigger store, and she is happy because the loan is a great help.
Felix is a member of the Santa Cruz group, which consists of the following 11 enterprising women: Leonarda, Guadalupe, Reyna, Hortensia, Lucila, Carolina, Suleyma, Graciela, Alili, Hermas. They all own businesses and sell things like bread, soft drinks, vegetables, candy, pigs, food, beans, perfume, groceries, mangoes, fish, etc.
Félix pertenece al grupo santa cruz el cual esta integrado por 11 personas las cuales todas son mujeres trabajadoras a continuación serán mencionadas: Leonarda, Guadalupe, Reyna, Hortensia, Lucila, Carolina, Suleyma, Graciela, Alili, Hermas. Todas realizan actividades comerciales como son: venta de pan, refrescos, verduras, dulces, puercos, comida, Fríjol, perfumes, abarrotes, mangos, pescados, etc.
Previous Loan DetailsHortencia is 35 years old, married, and has 3 children who are in school: José Manuel is in his 3rd year of high school, Isidro is in his 2nd year of high school, and Rosa Isela is in her 2nd year of middle school. Hortencia’s husband is named José Luis and he makes a living in agriculture. H... More from Santa Cruz 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