Aves De Paraíso Group
Update on Aves De Paraíso GroupFlorencio is 49 years old. He belongs to a group of people who take out loans to improve their businesses to be able to give their families a better quality of life. His group is called Aves de Paraíso and he says that the other members of the group told him they gave it that name because where they used to meet there were some very pretty flowers with that name. He is married and has 5 children, 3 of whom are in school, since the oldest didn't want to go to school anymore and decided to start working. In the morning, Florencio sells popsicles and ice cream in the streets of his community. He says that he doesn't make them, he just buys them and sells them, mainly outside of schools, since most of his customers are children. In the afternoon, he fixes televisions in his home, since he doesn't have a locale. Sometimes people go to his house wanting him to fix an appliance. He says that he learned to fix appliances because a friend invited him to work and learn how to fix appliances and over time Florencio decided to start his own business. Now he is asking VisionFund for help so that he can get a loan to improve his businesses. He wants to stock up on ice cream and popsicles and also buy barquillos and plastic cups to sell the ice cream in. He also wants to buy different replacement parts and materials that he uses to give better service. Florencio's goal is to keep selling his ice cream and popsicles and also set up a workshop in his house to fix the appliances. The other members of the group are named Isela, María Remedios, Cirenia, Socorro, Yaquelin, Marcela, Sandra, Maribel and Antolín. They will invest their loans in buying corn to make handmade tortillas, firewood, a comal, in buying materials such wood and nails to make wooden crates for fruit, in buying store merchandise such as groceries, in buying candies as merchandise, in buying construction materials to sell such as bricks, sand, cement, etc., in buying chickens to raise and sell, as well as their feed.
Previous Loan DetailsDoña 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,… 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