Aves De Paraíso Group
Update on Aves De Paraíso GroupFlorencio is 48 years old and a native of a community called Valle Verde that is full of lush vegetation and where the majority of the inhabitants make a living in commerce. Florencio has worked with VisionFund for less than a year and the loans have helped his business go very well, so he is very content because he can make headway for his family. He belongs to a group called "Aves de Paraíso" ("Birds of Paradise"), which gave itself this name because their meeting place has a thicket of flowers of the same name that aren't very common in the region and are very beautiful. Florencio makes a living making ice creams and sorbets, with flavors like strawberry, coconut, vanilla, lemon, chocolate, apple, cheese, and many others, but these are the ones most requested by his customers, who are mostly children and youths since he sells outside of a elementary and high school in his community. He says that he is requesting the loan to purchase supplies to make his sorbets, such as milk, food dyes, fruits, ice, rock salt, sugar, cones and napkins. He says that he gets up very early to make his sorbets because they need to be ready by the time the children leave school. First he grounds the fruit or adds vanilla to the milk. The trick is with the ice cream. He says that he puts ice and rock salt inside a big pot so it doesn't melt too quickly, and then he puts another metal canister inside with the ingredients and slowly churns it as the ice cream freezes. He says he does this every day so he can take his delicious and rich ice creams to the school. He says that he started this job because he could not find stable work and a friend told him how to make ice cream, so he decided to take up the work. He says, "I enjoy what I do because I already have my customers, and I'm my own boss and have time to be with my family." He has four children who are in elementary and high school, and for this reason he works very hard to provide them with the best and so they don't lack anything in regards to their education. His goal is to purchase a newer moto-tricycle, because the one he has is deteriorating and every time he punctures a tire he has to change it for a new one and pay for it in small payments. The other nine members are Isela, María Remedios, Cirenia, Socorro, Yaquelin, Marcela, María Llasmin, Sandra and Maribel. 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.
Previous Loan DetailsCirenia is 70 years old and is a member of a group called “Aves del Paraíso” (birds of paradise). She says they named the group this for the flowers that grow where they have their meetings. She makes a living buying wood and making boxes for fruit which she sells to other communities where... More from Aves De Paraíso 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