Update on Independientes GroupThe members of the Independientes [‘Independents’] group chose their group name because they are all women who are becoming independent in order to contribute to their household income.
Rosaria is married to Jesús and has three children, all of them married. They live in the community of Llano Grande. Rosaria is asking for a loan so she can purchase ingredients for making bread. She has made bread professionally for a year and eight months now, and says it is going well, since she has managed to improve her income a little bit. Rosaria got involved in this activity because she wanted to help her husband with the household income and meeting the family’s basic needs, and so she decided to earn money by selling bread. Her biggest desire is to keep working in her small business, and with support from the loan she hopes to carry on as long as God gives her life.
The other members of the group are: Iddai, who will purchase pigs to fatten and then sell; and Esther, who will purchase merchandise in order to re-stock her grocery store.
Rosaria está casa con el señor Jesús con quien procreó tres hijos, todos ellos ya están casados y viven en una localidad llamada Llano Grande. Ella solicitó el préstamo para invertirlo en la compra de ingredientes para la elaboración de panes, en donde lleva trabajando un año y ocho meses en la que comenta que le va bien ya que con ello ha estado trabajando muy bien y ha logrado mejorar un poco mas su ingresos. Rosaria inició con esta actividad para apoyar a su esposo con los ingresos de la casa, y así también tener lo más necesario en su hogar, por eso decidió de dedicarse a la venta de panes en donde le va bien. Lo que más desea es que con esta pequeña actividad ella siga trabajando y con el préstamo apoyarse para seguir adelante hasta que Dios le preste vida.
Las demás integrantes del grupo son: Iddai, quien invertirá en la compra de marranos para engordarlos y después venderlos y la señora Esther quien invertirá en la compra de mercancía para surtir su negocio de abarrotes.
Previous Loan DetailsSra. Esther lives on a small embankment along the river. She is married to Sr. José Iván and they have a 13-year-old son who is in his first year of high school. Esther takes care of the home and manages a grocery store. She is requesting a loan to invest in her business because she is lacking... More from Independientes 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
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- Apr 25, 2012
- May 28, 2012
- Currency Exchange Loss:
- Oct 16, 2012
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.