Aves De Paraíso Group
Update on Aves De Paraíso GroupDoña Socorro is 51 years old. She has several children but only one of them lives with her and he studies at the university in Morelia. For 20 years she has worked selling construction materials in her home as she has a spacious piece of land. She sells cement, tiles, bricks, cinder blocks, rods, construction tools, shovels, pickaxes, trowels, sand, gravel, lime, etc. She says that she purchases most of the materials in the city of Toluca where they bring the materials to her business. Right now she is requesting a loan for the purchase of materials like bricks which are what she sells most and which are supplied in some towns that are dedicated to making this construction material. They sell it to her by the thousand. She goes for the bricks as far as the town of Colonia Nueva de San Felipe since they give her low prices.
She says that she is very happy and satisfied with the large business that she has since it is the only one that can leave an inheritance for her children. She is also happy because she is in a group called “Birds of Paradise” since all of the people that comprise it are responsible and help one another. The other members of the group are Isela, María Remedios, Cirenia, Yaquelin, Marcela, Sandra, Florencio and Maribel. They will invest in their businesses of a candy store, in the purchase of supplies to make tortillas by hand and sell them, in the purchase of items to invest in a grocery store, in the purchase of wood and material to make wooden boxes for fruit, in the purchase of feed for animals for sale and in the purchase of popsicles for sale.
Previous Loan DetailsFlorencio 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… 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