Update on Jade GroupThe members of the group continue in the work they carry out. Carina, 32, lives in a common-law marriage with her husband, who works as a bricklayer. They have four male children. The oldest studies in the CBTA [Centro de Bachillerato Tecnológico Agropecuario] (secondary school), and the three younger ones are in elementary school.
She requested the loan to buy "obleas" [a sweet made from two thin wafers filled with caramel] to cut into different sizes. She started her business four years ago because of financial need. In the beginning they had her cut obleas, and she bought obleas to work on her own. Her business is important because in this way she helps her husband economically. What she likes most about this business is that she works at home and can take care of her children. Her husband and her oldest son help her put the obleas in little packets.
She is proud to be able to help her family with her children's school expenses. One of the challenges she faces is competition because several people in her community have the same business. Carina uses the profits for food and her children's school expenses. Her dreams and hopes are to raise calves.
She is happy about this loan she is going to receive. She is going to be able to buy her children the wardrobe they need for the dances at school.
The members of the group want to tell Kiva and Fundación Realidad, "Thank you for supporting us with your loans. They help us stock our businesses and continue working."
Lo que mas le gusta de este negocio es que trabaja en su casa y puede atender a sus hijos, su esposo y su hijo el mayor le ayudan a pegar en paquetitos las obleas, ella se siente orgullosa de poder ayudar a su familia para los gastos de la escuela de sus hijos.
Uno de los desafio que enfrenta es la competencia ya que varias personas es su comunidad tienen el mismo negocio.
Carina utiliza las ganancias para la comida, y los gastos de la escuela de sus hijos. Sus sueños y esperanzas son tener crianza de becerros, ella está feliz con este préstamo que va a recibir va a poder comprarles a sus hijos el vestuario para los bailables de la escuela. Los integrantes del grupo quieren decirle a Kiva y a Fundación Realidad “gracias por apoyarnos con sus préstamos nos ayudan a surtir los negocios y seguir trabajando”.
Previous Loan DetailsThis group is called “Jade” and is composed of María Guadalupe and Lourdes. They are going to use their loan to buy flour, sugar, food coloring, bags, oil, ribbons, tape and cinnamon to make wafers. Virgilio is going to buy flour, sugar, shortening and firewood to bake bread. Carina and Ofelia... More from Jade 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