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El Manguito Group
In this Group: Florencia , Alicia , Divina, Blanca Estela , Alejandrina, Elizabeth, Araceli, Irene, Yerly Edith, Francisca, Isabel Nicolasa*, Maria De Jesus, Tomasa Teofila, Abigail*
* not pictured
The Manguito Group was formed in S. Pinotepa Nacional Oaxaca. It is comprised of 14 members. They have been working for one year (three cycles) with loans that Fundacion Realidad offers. All of the members make and sell products like groceries, tamales, soft drink, ice cream, tortilla chips, clothes, perfume, shoes by catalog, notions, lingerie, handmade corn tortillas, tacos, bulk corn, and fresh fish. Due to the geographic region they are located in, these types of products are in good demand in the area. As a consequence, their income is very good and acceptable, according to Alicia D. T.. She is a 71 year old member who joined with her daughter, Rosario. Currently she is not in the group because she moved. They were the ones that founded the group by inviting neighbors to join.

Alicia comments that the loan received from the institution has really helped all of the members. It gives them a means to work and contribute income to their families. It really helps now that the country’s economy is in crisis, and their husbands incomes do not cover the expenses of the children going to school.

They will use the loan they are asking for to make and buy products to sell like corn, wood, plastic bags, fresh meat, dried chilies to prepare mole, groceries, soft drinks, shipping charges for those who buy articles by catalog, rent for boats, and gasoline for those who sell fresh fish.

They hope that the Realidad Foundation will continue to offer financial services. They are dependent upon them to keep working and to have a business in the future that generates income and a better quality of life.
View original language description ↓
El grupo El Manguito, se formo en S. Pinotepa Nacional Oaxaca; está integrado por 14 clientes, llevan un año (3 ciclos)trabajando con credito que Fundacion Realidad ofrece, todos los integrantes se dedican a la elaboración y comercialización de productos como son:Abarrote, tamales, refrescos, helados, totopos, ropa, perfumes y zapatos por catalogo, merceria, lenceria, tortillas de maíz elaboradas a mano, tacos, maíz a granel y pescado fresco, debido a la zona geografica en que se encuentra la locaidad estos tipos de productos tienen buena demanda en la región y por consecuencia buenos ingresos algo muy aceptable comenta la señora Alicia D. T. ella es clienta de 71 años de edad que junto con su hija Rosario que actualmente ya no esta en el grupo por cambiar de domicilio fueron quienes conformaron el grupo invitando a sus vecinos para formar el mismo, comenta doña Alicia que el credito recibido por la institución le han beneficiado demasiado a todos los integrantes ya que les dá el medio de trabajar y contribuir a los ingresos de sus familias mas ahora que la situación aconomica del país esta en crisis y el ingreso de sus esposos no son suficientes para solventar los gastos que generan sus hijos para que acudan a la escuela.
El recurso que solicitan del credito lo utilizarán para invertir en la elaboración y compra de productos para vender como son:compra de maíz, leña, bolsas de plastico, carne fresca, chiles seco para prepar mole, articulo de abarrotes, refrescos, pago de fletes de las personas que compran articulos por catalogo asi como renta de lanchas y compra de gasolina de las pesonas que venden pescado freco.
ellan tienen la esperanza de que Fundación Realidad continue brindandoles el servicio financiero ya que dependen de eso para que continuen trabajando y a futuro tener un negocio que le genere ingresos y mejorar su nivel de vida.

Additional Information

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.

About Mexico

  • $11,249
    Average annual income
  • 11
    View loans »
    Mexico Loans Fundraising
  • $17,728,850
    Funds lent in using Kiva
  • 13.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Manguito Group's $4,450 loan helped a member buy raw materials and products to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2009
Listed
Oct 15, 2009
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2010