La Cabañita Group
Update on La Cabañita GroupSofía is 79 years old, and even though she is a woman of very advanced age, she has a zest for living. She sells chicken outside her home every day.
She says there is a young man who carries the chicken to her home, as she lives a bit far from where they sell it. She says that she sells dressed chicken by the kilo, and has had this business for more than 10 years. This is because before, her husband helped her support the household, but unfortunately he passed away, and she had to take over responsibility for all the expenses.
Right now she is asking for a loan so that she can buy chicken to sell by the kilo in her community. In spite of her age, Doña Chofi, as her friends know her, is a hard-working woman and very responsible.
The other members of the group are: Consuelo, Leticia, Florentina, Tomasa, Blanca Estela, Maricela, Martha, Isabel, Liliana, Reynalda and Alejandra.
They will invest their loans in the purchase of items for stocking a grocery store, in a silkscreening workshop, in the purchase of cosmetics by catalog to sell, to buy ingredients for making bread, to buy fruits and vegetables to sell, to buy materials for making costume jewelry, the purchase of oils, to buy spare parts for an auto repair shop, and to buy clothing by catalog to sell.
Previous Loan DetailsThe Cabañita group is made up of 12 members; all hardworking women who struggle to have a better quality of life. Liliana is 29 years old and is originally from a community called San Andrés. She and her husband have a mechanic workshop. She helps him however she can and in whatever he can tea... More from La Cabañita 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