Alcon Group


Status: Paying Back

$3,800.00   Loan Amount
93% repaid

About the Group

Group Name: Alcon Group
Group Members: RICARDA RODRIGUEZ BAUTISTA (not pictured)
NATIVIDAD MARTINEZ RAMIREZ
MARIBEL MARCIAL HERRERA
PETRA TORREBLANCA HERNANDEZ
FEDERICA LOPEZ ESTRADA
ANGELA MAYO REYES
VIOLETA QUITERIO VILLALVA
MARIA VIANEY ZUÑIGA GARCIA
TOMAS HERNANDEZ ZUÑIGA (not pictured)
HILARIA GUTIERREZ ESCAMILLA
Location: Marquelia, Mexico
Activity: Cafe

About the Loan

Loan Amount: $3,800.00
Loan Use: Purchase a variety of fruits
Repayment Term: 6 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Possible
Date Listed: Aug 10, 2009
Date Disbursed: Jul 15, 2009
Date Funded:Aug 16, 2009

About the Country

Country:Mexico
Avg Annual Income:$11,249.00
Currency:Mexico Pesos (MXN)
Exchange Rate:12.9350 MXN = 1 USD



Ms. Violeta Quiterio is originally from a community called Huehuetan in the state of Guerrero. She has been living in Marquelia for approximately 6 years with her husband and two children in her in-laws’ house. Ms. Quiterio has been selling fruit cocktail and snacks at a school for 2 years.
She needs this loan in order to expand her business because she also wants to sell other products—such as juice and shakes—in the evening. In so doing, she will be able to boost sales and increase her income so that she can improve her family’s standard of living, provide a better education for her children, and start to build her own house.
Just like Violeta, the rest of the group members hope to be able to launch their businesses and offer their families better opportunities.


Translated from Spanish by Elizabeth Casian, Kiva Volunteer


LA SEÑORA VIOLETA QUINTERO ES ORIGINARIA DE UN POBLADO CONOCIDO COMO HUEHUETAN EN EL ESTADO DE GUERRERO, DESDE HACE APROXIMADAMENTE 6 AÑOS RADICA EN LA COMUNIDAD DE MARQUELIA, DONDE VIVE ACTUALMENTE CON SU ESPOSO Y 2 HIJOS EN CASA DE SUS SUEGROS. DOÑA VIOLETA SE HA DEDICADO A LA VENTA DE COCTEL DE FRUTAS Y BOTANAS LAS CUALES VENDE EN UNA ESCUELA DESDE HACE 2 AÑOS.

ELLA NECESITA DEL FINANCIAMIENTO PARA AMPLIAR SU NEGOCIO YA QUE ADEMAS QUIERE VENDER OTROS PRODUCTOS POR LAS TARDES COMO JUGOS Y LICUADOS, CON ELLO PODRA INCREMENTAR SUS VENTAS Y SUS INGRESOS PARA MEJORAR EL NIVEL DE VIDA DE SU FAMILIA, BRINDAR UNA MEJOR EDUCACION A SUS HIJOS Y ADEMAS EMPEZAR A CONSTRUIR SU CASA.

ES POR ELLO QUE SE ACERCÓ A FUNDACION REALIDAD Y JUNTO CON OTRAS 9 PERSONAS FORMARON UN GRUPO AL QUE LLAMARON "ALCÓN", EN SU MAYORÍA SE DEDICAN A LA VENTA DE COMIDA ECONÓMICA, JUGOS, VENTA DE PESCADO Y CALZADO.

AL IGUAL QUE VIOLETA, TODO SU GRUPO ESPERAN PODER EMPRENDER SUS NEGOCIOS Y TENER MEJORES OPORTUNIDADES PARA SUS FAMILIAS.


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 Alcon Group


Loan has been disbursed
 
Entrepreneur: Alcon Group
Location: Marquelia, Mexico

Thank you for your loan. It has been disbursed to Alcon Group, consisting of RICARDA RODRIGUEZ BAUTISTA, NATIVIDAD MARTINEZ RAMIREZ, MARIBEL MARCIAL HERRERA, PETRA TORREBLANCA HERNANDEZ, FEDERICA LOPEZ ESTRADA, ANGELA MAYO REYES, VIOLETA QUITERIO VILLALVA, MARIA VIANEY ZUÑIGA GARCIA, TOMAS HERNANDEZ ZUÑIGA, HILARIA GUTIERREZ ESCAMILLA by Fundacion Realidad A.C (FRAC), a partner of World Vision International in Mexico. We are excited to watch this business grow. Over the 3 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 Marquelia, Mexico
Aug 17, 2009
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Kiva Help Repayment Schedule for Alcon Group

  Expected Repayments Actual Repayments Comments
October 2009 $1,425.00 $1,425.00 Repayment Received
November 2009 $1,187.50 $1,187.50 Repayment Received
December 2009 $950.00 $950.00 Repayment Received
January 2010 $237.50 Available Jan 1