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The Pachyderm Group
In this Group: Sashen, Anthony
The members of The Pachyderm Group have invented a compact, portable device intended for cleaning the soles of shoes. The components of this product are specifically designed to clean away dirt, mud, snow, ice, chewing gum and any other debris picked up during everyday wear and tear. A patent is pending on this amazing product. The owners of the company have many years of experience in research, marketing and conducting business on the internet. The company will use the internet to introduce, market, and advertise their product on Amazon and E-Bay. A website will be set up explaining the product using visual aids with the ability to purchase directly from the website. The Pachyderm Group is seeking $5,000 for production of their product and to pay for the marketing of their product at trade shows and on the internet.

Additional Information

More information about this loan

This loan is part of the Kiva City Los Angeles initiative in partnership with the Los Angeles Mayor's Office of Small Business and VEDC (Valley Economic Development Center). Kiva City Los Angeles is a subset of Kiva City, a program that allows Kiva lenders to make microloans to small businesses in the United States with the help of community organizations and U.S. Field Partners.  

Important Information

Valley Economic Development Center (VEDC) is a non-profit community development financial institution and the largest provider of loans for small businesses and micro-entrepreneurs in the Greater Los Angeles area. In addition to loans, it offers extensive training opportunities, workshops, consulting and small business support services.

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.

About United States

  • $47,000
    Average annual income
  • 17
    View loans »
    United States Loans Fundraising
  • $11,545,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD
Paying Back

This loan has been fully funded!

A portion of The Pachyderm Group's $5,000 loan helped a member to produce their product and to pay for marketing.
84% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
N/A