Alfa Y Omega Group
Update on Alfa Y Omega GroupOne of the group members is Fredy, 26 years old. He is single and lives with his parents. He wants to help his parents with their household expenses, so two years ago he asked his mom to teach him to embroider. Now he has his own customers. His most popular products are napkins, tablecloths and pillowcases. "This is a good business, I support my parents and can by things for myself. For example, I just bought a motorcycle with the profits from my business."
He also makes bolones [fried plantain balls] in the afternoons and goes out on his motorcycle to sell them in the streets. He says they sell very well.
Fredy is asking for a loan to buy things in bulk so that he can get a better price and have greater profits. He will buy thread, needles, pillowcases, tablecloths and embroidery hoops, as well as flour, ham, sausages, pineapple, ketchup, hot sauce, etc.
Fredy's wish is to be able to have a store with display cases to show his embroidery work, as well as to sell other miscellaneous goods.
The other members of the group are:
Sirina, who sells snacks;
Juana, who sells clothing;
Avelina, who sells snacks;
Maria, who sells mole;
Rosalba, who sells clothing;
Lorena, who sells shoes;
Irma, who sells tacos;
Minerva, who sells snacks;
Ariana, who sells clothing;
and Veronica, who sells silver accessories.
El tambien realiza ventas de volones por las tardes en su moto sale a ofrecerlos por las calles y dice que se venden muy bien. Fredy está solicitando un préstamo para comprar por mayoreo, ya que así consigue un mejor precio y su ganancia es mayor; va a comprar hilos, agujas, fundas, manteles, aros para bordar, y arinas, jamon, salchichas, piña, salsa capsu y salsa picante etc.
El deseo de Fredy es lograr tener una tienda con vitrinas donde pueda mostrar los bordados que vende, además de vender productos de mercería.
Los demas integrantes del grupo son:
Sirina venta de antojitos
Juana venta de ropa
Avelina venta de antojitos
Maria venta de mole
Rosalba venta de ropa
Lorena venta de calzado
Irma venta de tacos
Minerva venta de antojitos
Ariana venta de ropa
Veronica accesorios de plata
Previous Loan DetailsThe Alpha And Omega group consists of 11 women, each of whom earns a living and has requested a loan to help her respective business. This group consists of very united, happy and friendly people: Sirina sells clothing; Juana sells clothing; Avelina sells traditional Mexican snacks; Maria sells c... More from Alfa Y Omega 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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