El Ayle Group
Update on El Ayle GroupIván comes from an indigenous community in which the majority of people make a living growing Poinsettia flowers, which they sell throughout the country because it is a high-quality flower. Iván is a member of the El Ayle group. He explains that they chose this name because at the place where they meet there is a large Ayle tree, and this way, they wouldn't forget the group name. He says that he has worked with the group for around three and a half years, and that little by little, his business has improved.
Previously, he explains, he just bought and sold fruit and vegetables, which he purchased from his community and sold in the town of Tuxpan. Now, he grows his own fruit because his father gave him a large plot which has roughly 80 avocado trees, 20 peach trees and blackberries. He says that his fruit sells well, as he sells avocados by the tonne and people visit his orchard to buy them. He says, “My name is becoming known as I sell very high-quality fruit and this pleases my customers. I am very grateful to VisionFund for helping me with the loans, because it means I can buy what I need to improve my trees”.
Today, Iván is requesting a loan to buy supplies, as his trees have small fruit and May and June are harvest season. He recounts that during harvest time, he pays local people to help him gather the avocados and peaches. Iván's dream is to continue expanding his orchard because through large amounts of effort he has managed to make it succeed. He comments that he wants to build a home out of high-quality materials for his mother, because she lives in a small house at the moment. He also wants to continue studying since he left school after high school due to a lack of money.
The other group members are Imelda, Ausencio and Ma. Julia. They will invest their loans in avocado trees and supplies for them such as organic compost, pesticides, lime and fertilizers.
Previous Loan DetailsImelda is 39 years old and is originally from a community called Dongu. She is part of the “El Ayle” group. She says that where they have their loan meetings is under a tree called an Ayle, and this is why they named the group that, so they won’t forget the name. She explains that she has been in... More from El Ayle 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