El Fresno De La Soledad Group


Status: Paying Back

$2,700.00   Loan Amount
24% repaid

About the Group

Group Name: El Fresno De La Soledad Group
Group Members: MARIA GUADALUPE SANCHEZ GARCIA
FRANCISCA GARCIA PIÑA
OMAR TENORIO SANCHEZ
ALONSO SANCHEZ FAUSTINO (not pictured)
MARIA ESTHER FAUSTINO SOLIS
FELIPE SANCHEZ FLORES
ROGELIO TENORIO MONDRAGON
Location: Zitacuaro, Estado De Michoacán., Mexico
Activity: Restaurant

About the Loan

Loan Amount: $2,700.00
Loan Use: Un puesto de comida y se invertira en pequeños huertos de aguacate
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 10, 2009
Date Disbursed: Jul 24, 2009
Date Funded:Aug 12, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:13.0378 MXN = 1 USD



María Guadalupe Sánchez García.

Maria Guadalupe is a young woman who lives in a small indigenous Mazahuan town named the Soledad de Francisco Serrato in Zitacuaro, State of Michoacan. She decided to join the Fresno credit group because this group was formed with people from her own community which she knew and respected very much. The main investment of the majority of the members in this group is the cultivation of Hass avocado orchards where they want to cultivate new plants and renew or nourish those already established so that they yield more and better quality fruit.

Guadalupe is 19 years old, is a happy girl that in spite of her young age has many dreams and goals. She studied in High School but now does not have the opportunity to continue her studies because of the distance to the school and the expense incurred by her parents of going to an institution of higher learning. It has been several years since she developed an interest in starting a business that would permit her to obtain income.

Her main desire is to start a fast food restaurant in the industrial zone of the city of Zitacuaro. She thinks that this is the right place to undertake her business activity because she has worked there for a year and noticed that the workers in the area look for places to eat nearby because they do not have enough time to go to the center of Zitacuaro or to their homes to eat. She has thought of using the credit to buy a table, a parasol, plates, glasses, a cast iron pan for grilling, raw materials and all that is necessary to begin this fast food business. Guadalupe visualizes a profitable business that offers clean, flavorful and economical food to her diners who will be mainly workers in the manufacturing zone. Additionally, she wants to support her parents economically so that her younger brothers have the option to study and so that her family improves their quality of life.


Translated from Spanish by Machelle Wilson, Kiva Volunteer


La jovencita María Guadalupe vive en una pequeña localidad indígena Mazahua denominada la Soledad de Francisco Serrato en Zitacuaro, Estado de Michoacán, ella decidió unirse al grupo de crédito el Fresno porque esta formado con personas de su misma comunidad a las cuales ella conoce y respeta mucho, la principal inversión de la mayor parte de los integrantes de este grupo es en el cultivo de huertos de aguacate Hass donde se desea cultivar nuevas plantas y renovar o nutrir las ya establecidas para que den más fruto y de mejor calidad.
Guadalupe tiene 19 años, es una chica alegre que apesar de su corta edad tiene muchos sueños y metas, estudio la secundaría y ya no tuvo la oportunidad de continuar sus estudios por la lejanía de la preparatoria y por el gasto que acudir a algun centro de estudios de educación media superior implicaba para sus padres.
Desde hace varios años surgió en ella la inquietud de poner un negocio que le permita obtener ingresos económicos. Su mayor deseo es poner un puesto de comida rápida en la zona industrial de la Ciudad de Zitacuaro. Ella ha pensado que este lugar es adecuado para emprender su actividad económica porque trabajo un año ahí y percibió que los trabajadores buscan lugares cercanos por el poco tiempo con el que cuentan para comer ya que no es suficiente para que se trasladen al centro de Zitacuaro o a sus casas a ingerir sus alimentos.

Ella tiene pensado utilizar el crédito para comprar una mesa, una sombrilla, platos, vasos, un comal, materia prima y todo lo necesario para iniciar este negocio de comida. Guadalupe visualiza un negocio rentable, que ofrezca comida limpia, sabrosa y económica a sus comensales que serán principalmente los trabajadores de la zona de fabricas. Además ella desea apoyar a sus padres económicamente para que sus hermanos más pequeños tengan la opción de estudiar y para que su familia mejore su calidad de vida.




About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for El Fresno De La Soledad Group


Loan has been disbursed
 
Entrepreneur: El Fresno De La Soledad Group
Location: Zitacuaro, Estado De Michoacán., Mexico

Thank you for your loan. It has been disbursed to El Fresno De La Soledad Group, consisting of MARIA GUADALUPE SANCHEZ GARCIA, FRANCISCA GARCIA PIÑA, OMAR TENORIO SANCHEZ, ALONSO SANCHEZ FAUSTINO, MARIA ESTHER FAUSTINO SOLIS, FELIPE SANCHEZ FLORES, ROGELIO TENORIO MONDRAGON by Fundacion Realidad A.C (FRAC), a partner of World Vision International in Mexico. We are excited to watch this business grow. Over the 10 months of this loan, Fundacion Realidad A.C (FRAC), a partner of World Vision International will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Zitacuaro, Estado De Michoacán., Mexico
Aug 13, 2009
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Kiva Help Repayment Schedule for El Fresno De La Soledad Group

  Expected Repayments Actual Repayments Comments
October 2009 $216.67 $194.18 Repayment Received
November 2009 $222.00 $199.19 Repayment Received
December 2009 $227.49 $272.79 Repayment Received
January 2010 $233.09 Available Jan 1  
February 2010 $238.84 Available Feb 1  
March 2010 $244.72 Available Mar 1  
April 2010 $250.77 Available Apr 1  
May 2010 $256.94 Available May 1  
June 2010 $263.28 Available Jun 1  
July 2010 $269.77 Available Jul 1  
August 2010 $276.43 Available Aug 1