Update on Heliconias GroupThe “Heliconias” (wild flowers) group has 10 members who live in a community known for its residents who are very humble and hardworking. The main economic activity is growing oranges and coffee.
Xochitl is one of the members in this group. She is 38 years old. She went to high school and she is single. She says that a little more than two years ago, she started her own business. She has a stationery store in the center of her community which school age children flock to. It is one of the most stocked stationery stores in the community. She opens her business very early every day. She likes to have a little of everything so that her customers can always find what they are looking for. Xochitl will invest the loan in the purchase of pencils, mechanical pencils, glue, scissors, various paper products, folders, erasers and pens as well as in maintenance for the photocopier in order to restock her business. With this investment, she wants her business to continue progressing and attract more customers so that her earnings increase.
The other members of the group are:
Carmen - clothing sales
Hilaria - clothing sales
Grisel - catalog sales
Rosa Imelda - clothing sales
Magdalena - taco stand
Lidia - vegetable and legume sales
Adilene - shoe store
Arturo - stationery store
Note: The woman in the gray shirt is the Arturo’s wife; she wanted to be in the photo.
Xochitl es uno de los miembros de este grupo, ella tiene la edad de 38 años, estudio la preparatoria y es soltera, ella nos platica que desde hace un poco mas de 2 años inicio a trabajar en su propio negocio, ella tiene una papeleria en el centro de su comunidad a la cual acuden ha hacerle el gasto los niños que estudian, ya que es una de las papelerias mas surtidas de la comunidad, ella abre su negocio todos los dias desde muy temprano y le gusta tener un poquito de todo para que sus clientes siempre encuentren lo que busquen, Xochitl invertira este credito en la compra de Lapiz, lapiceros, resitol, tijeras, varidad de hojas, colores, carpetas, folders, borradores, plumones, y dar mantenimiento a fotocopiadoras para resurtir su negocio. ella desea que con esta inversion su negocio continue progresando y atraiga mas clientes para que sus ganancias aunmenten.
los demas integrantes del grupo son:
Carmen venta de ropa
Hilaria venta de ropa
Grisel venta de catalago
Rosa Imelda venta de ropa
lidia venta de verdura y legumbres
Nota: la senora de blusa gris es esposa de don Arturo pero ella quiso salir en la foto
Previous Loan DetailsThe “Heliconias” (wild flowers) group has 10 members who live in a community noted for its residents who are very humble and hardworking; the main economic activity is growing oranges and coffee. Lidia is one of the group members. She’s 31 years old and finished second semester of high school... More from Heliconias 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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