Los Encinos Group
Update on Los Encinos GroupRicarda is a hardworking woman. She’s 44-year-old and a widow. She’s a member of the “Los Encinos Ganadería” group. She says they gave it this name because where they live oak trees are common and the ‘ganadería’ part is because most of the members work raising pigs, cattle and sheep. She says that at her husband’s death, she’s had to take on her children’s care all by herself. Back then, the three of them were students but now two of her daughters work in Mexico City as domestic employees and they help her support her son who is attending high-school with much sacrifice.
She’s been growing avocadoes for more than four years. She says: “My husband left me a business that requires much hard work to care for but thanks to it I’m able to move my son, who is studying, forward since I was unable to study due to the lack of resources. I have to devote myself to the land my late husband left me and thanks to the three loans I’ve gotten I’ve been able to move it forward even though I did neglect it somewhat when my husband died but now it’s in good condition.” She says she’s asking for this loan to buy organic manure, fertilizer and insecticide to protect against the chilling frosts and hail storms that are common in winter.
She says that she now has about 200 trees and hopes to continue planting more since her field is large; it’s almost two hectares and she wants to cover it entirely with this type of fruit. She relates that when it’s harvest time she heads to the wholesale food market to sell them by the kilo since it’s more profitable to sell them that way. She says the last few harvests have been good since her yields were quite large.
Her greatest hope is that her youngest son will have a career so he will not have to suffer working in the fields and that her daughters can restart their schooling because she does not like their being so far from her. She also wants to continue to buy avocado plants to continue growing them and leave a good business for her children.
The other group members’ names are Eulalia, María del Carmen, María Luisa, María, Alicia, María Angélica, Lorena, Rosario and Sandra and they will use their loans to buy fertilizer, organic manure for avocado farming, will buy feed and vaccines for pigs, fertilizer and manure for tomato crops and will buy merchandise to stock a grocery store.
Previous Loan DetailsMaria is originally from an area called La Barranca, a beautiful place with spectacular landscapes. She’s part of a group called El Encinal and she tells us that the members decided to name it that way because there are many oak trees (Encino in Spanish) in the place when they hold their meeting... More from Los Encinos 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