In 2012, Muy was recovering and began to farm again on six acres. She sells her produce at the San Jose Swap Meet each week. During the winter months, she buys produce at wholesale prices to sell at the swap meet. She also delivers produce to restaurants in her box truck. During the summer, she is able to eliminate the purchase of produce by harvesting from her farm.
The purpose of this loan is to help Muy build a small hot house, which will extend her growing season, and to help her repair her tractor so that she doesn't have to pay others for tractor work.
More information about this loan
This loan has been made in collaboration with CAMEO (California Association for Micro Enterprise Opportunity) in order to build microlending capacity in California. In this partnership, CAMEO serves to support California microlenders, such as Fresno CDFI, throughout its partnership with Kiva. CAMEO’s mission is to grow a healthy, vibrant, thriving environment for all entrepreneurs and start-up businesses by advancing the work of its statewide member network.
About Fresno Community Development Financial InstitutionFresno Community Development Financial Institution (Fresno CDFI) provides affordable financing, training and technical assistance to individuals, small businesses and community facilities. Founded in 2007, it focuses its efforts on low- and moderate-income communities aiming to serve the financial needs of small business owners and entrepreneurs.
Kiva lenders’ funds are used to expand Fresno CDFI’s microenterprise loan fund with a focus on providing loans under $10,000. This is of particular importance to Fresno CDFI because the organization was initially created with the intention of servicing borrowers in need of smaller loans.
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