Aves Del Paraiso Group
She makes a living buying wood and making boxes for fruit which she sells to other communities where they sell guavas, mameyas (a type of fruit) and papayas, which are the most exploited crops in the region. One of her children helps her make the boxes to sell, since he has a small carpenter’s workshop where he makes the boxes.
She is requesting the loan in order to buy the material (wood, cloves and glue) to build the boxes, and also to pay for freight. She makes about 400 to 500 boxes weekly, depending on how many are purchased.
She says that thanks to the loan she will be able to improve her business since she will have what she needs to make her boxes, as it is her main source of income and also this way she can provide jobs for a lot of people. Cirenia’s goal is to increase her business and to buy a little more material so that she can make more boxes for fruit.
The other nine members are Isela, María Remedios, Socorro, Yaquelin, Marcela, Eva, María Llasmin, Sandra y Florencio. They invested their loans in ingredients to make tortillas; in the purchase of items for their grocery store; construction materials that they sell; sweets and different savories that they sell; sweets and fritters to sell; seasonal fruit and vegetables; chicken to raise and later sell, etc.
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