El Esfuerzo Group
Avelardo is 20 years old, single, and raises and sells avocados. He requested this loan so he can buy fertilizer, bags, and avocado plants. He started this business two years ago, after working at a nursery where he learned to raise avocados. He saved his salary to buy plants and other materials to work with.
His business is important because of the benefits it gives him and because he likes to raise plants and watch them grow. He’s proud to have his own business and offer his customers the bounty that his orchard offers at a good price and quality. He uses the profits to reinvest in bags and fertilizer and plans to expand his business, and add different types of fruit plants. He will use the money from this loan to buy supplies for harvesting his avocados. His hopes and dreams are to increase his avocado production.
The members of the group want to thank Kiva and Fundación Realidad, and say “Thank you for the loans and your continued help for those who truly need it.”
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