La Esperanza Del Futuro Group
Update on La Esperanza Del Futuro GroupThis group is called “La Esperanza de Futuro” (The Hope of Future) and it’s located in a community called Benito Juárez that’s an hour from Copainalá where the feast of Saint Philip is celebrated. The person who was interviewed is Marta. She’s married to Genaro and they have two children, one who is no longer dependent on them and one who still lives at home.
She’s a housewife and requested the loan to buy cheese to resell outside her community at a price that will produce good profits. She’s been in this activity for some years now and comments that she does well because her income improves every day. She started this activity to help her husband with household income and to be able to support her son’s schooling. What she wants from this small business is to continue working and in time have a larger cheese store.
The other group members are: Berosia, who will invest the loan in her bakery and María Deysi who will invest it in cheese.
Quien se le tomo la entrevista se llama Marta, ella es casada con el señor Genaro con quien procreo dos hijos quien uno ya está fuera de su responsabilidad y uno aun vive con ello.
Ella se dedica a su hogar y solicito el préstamo para invertirlo en la compra de quesos para luego venderlo fuera de su localidad a un precio que le da un buen resultado en esta actividad lleva unos años y comenta que le va bien ya que con ello sus ingresos son mejores cada día.
Inicio con esta actividad para apoyar a su esposo con los ingreso de la casa y así poder apoyar a su hijo con la escuela.
Lo que ella desea es que con esta pequeña actividad ella pueda seguir trabajando y con el tiempo poder tener una quesería más grande.
Quien integran el grupo son: la señora Beroisa quien invertirá el préstamo en panadería y la señora María Deysi en quesería.
Previous Loan DetailsThe communal bank is called "Esperanza del Futuro" and comprised of three women who each has her respective business and lives in a community called Benito Juárez where they celebrate the Saint Joseph festivities on March 19th. The person interviewed was Beroisa who is married to Cesario. The... More from La Esperanza Del Futuro 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
- 8 months (Additional Information)
- Repayment Schedule
- Oct 25, 2012
- Nov 7, 2012
- Currency Exchange Loss:
- May 17, 2013
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.