El Cacique Group
Update on El Cacique GroupAlejandra is from a community near a hill called El Cacique. She belongs to a group of people who request loans from VisiónFund to improve their businesses and be able to support their families.
Ale, as she's known affectionately, is 27 years old and studied up to the third year of secondary school. She says she didn't continue with her studies because she lacked the capital and her parents weren't able to continue supporting her anymore. She has two children, one in elementary school and one who's five months old.
She says she makes a living selling fruits and vegetables in the town market. She goes to the distribution center early in the day to stock up by choosing the best produce that's not bruised. This way she can finish selling early. She sells by the bag: avocado, Manzano peppers, blackberries, mango, peaches, and seasonal fruits and vegetables.
Making little bags earns her a bit more, she says. She goes around the market selling from a bucket. She likes what she does because she has time for her home and her children. Her mother helps her by taking care of the children, and when she can't, Alejandra takes her child in one hand, her bucket in the other, and her baby in her shawl on her back, and goes out to sell.
Her dream is to set up a stall outside the town market so she won't have to walk from one place to another, which is very tiring.
She says she's requesting her loan to stock up on seasonal fruits and vegetables because she wants to buy a bit more to increase her profits and give her young children a better quality of life.
The other members of the group are Nemesia, María Cristina, Laura Cecilia, María Teresa, Alicia, Araceli, Jazmín, Belén, María Guadalupe, Alberta, María Guadalupe, Rosalba, Jannet, Patricia, Tatiana, and Elisenia. They'll invest their loans in buying and selling seasonal fruit, buying animal feed and extracting milk to sell, buying chicken feed and chickens to raise and sell, buying groceries for a store, and buying ingredients to make snacks.
Previous Loan DetailsMaria Cristina is 45 years old and belongs to a group called El Cacique. She says they gave this name to the group because they live close to a hill which name is El Cacique and they are very proud to live there, because from that hill, there's a spectacular view, since it's very high. She is ... More from El Cacique 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