Rayito De Sol Group
Update on Rayito De Sol GroupThe Rayito de Sol group is made up of eight responsible and hardworking women who strive to always get their families ahead. These women live in a community where people grow corn and work as merchants. It a small and peaceful place.
The name of the group was chosen because when the members formed the group, the then representative has a children's music group called "Rayito de Sol". Elvia is a member of the group. She says that she is 32 years old, and has been married to Lorenzo for 12 years. Together they have made a family of two children, one of whom is in school. Elvia says that she has had a convenience store for a year and a half. With her husband, Lorenzo, she decided to open the store because it would be a big help in paying the household expenses.
Elvia says that when they started their business, they didn't have any furniture and only had merchandise. Over time, they were able to make the furniture. She says that one of the biggest difficulties they have is the lack of a bigger counter where she could put her merchandise give her customers better service. Elvia remarks: "when we started, I was worried about the competition because there were already a lot of stores. I even came to think that we would lose our investment. Fortunately, that didn't happen and it has gone very well for us and it has been a year and a half already."
Elvia is very happy with her business and she dreams of one day having a well equipped store that is well stocked so she can make more profit and get her children ahead. She wants them to keep going to school and have good careers in order to have a better quality of life. All of the members of the group are very happy and grateful to the institutions of Vision Fund and Kiva for all of their support and services. The members of the group will invest in their different activities. Guadalupe and Florentina will invest in their convenience store, Eufemia will buy socks to sell. Juana will invest in aprons, Paula will invest in blender jars, Carolina in controls and Elena in cleaning supplies.
El nombre del grupo se eligió ya que cuando las integrantes formaron el grupo, la representante de entonces tenía un grupo musical de niños llamado "Rayito de Sol". Elvia es integrante del grupo platica que tiene 32 años de edad esta casada con el señor Lorenzo desde hace 12 años juntos han formado una familia con dos niños de los cuales solo uno estudia. La señora Elvia paltica que tiene una tienda de abarrotes desde hace un año y medio, entre su esposo Lorenzo y ella decidieron iniciar con su tienda de abarrotes porque para ellos seria de gran ayuda para solventar los gastos del hogar.
Doña Elvia cuenta que cuando iniciaron su negocio no tenian nada de muebles y solo mercancia, con el tiempo pudieron hacerse de sus muebles, comenta una de las dificultades mas grandes es la falta de un mostrador mas grande donde ella puede poner su mercacia y asi darle la mejor atencion a sus clientes aunque Doña Elvia comenta "Cuando iniciamos si me preocupaba la competencia porque ya habian muchas tiendas, llegue a pensar en nuestra perdida de inversion, afortunadamente no fue así, nos ha funcionado muy bien y ya llevamos un año y medio".
Doña Elvia esta muy contenta con su negocio sueña con algun dia tener muy bien equipada su tienda de aborrotes y tenerla muy bien surtida para asi tener mejores ganancias y sacar adelante a sus niños porque quiere que sigan estudiando y tener una carrera profesional para tener una mejor calidad de vida. Todas las integrantes del grupo estan muy contentas y agradecidas con la institucion Vision Fund y KIVA por todo su apoyo y sus servicios. Las integrantes del grupo invertiran en distintas actividades, como Doña Guadalupe y Florentina invertira en sus tiendas de abarrotes, Eufemia comprara calcetas para su venta, Doña Juana invertira en mandiles, Doña Paula invertira en vasos de licuadora, carolina en controles y Doña Elena invertira en jarceria.
Previous Loan DetailsThe “Rayito de Sol” (Little Ray of Sunshine) group is comprised of nine, responsible, hardworking women who strive always to move their families forward. These women live in a community where people in addition to growing corn also work in commerce; it’s a small, very tranquil place. The name o... More from Rayito De Sol 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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