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El Cedro Group
In this Group: Hilda, Teresa De Jesus, Agustina, Adolfo, Jose Ignacio, Julio, Gloria, Guadalupe, Juan Fernando, Juan Angel
This development cooperative is called El Cedro, since that is the name of the district where all of the members live. El Cedro is in the state of Veracruz. Development cooperatives are groups of 10 or more individuals who have a bank account and who have to meet weekly or every two weeks in order to make their payments. This group has a representative and a governing committee, and is comprised of ten members.

The group’s representative is named Adolfo G. Gómez. Adolfo is 48 years old, married, and has two children. He is going to set up a stationery store in his home and needs a loan so that he can purchase blank paper, cards, and other supplies. His customers are the children who attend the school that is situated a half block from his house. Adolfo has been a teacher at that school for twenty-seven years. He tells us that times are difficult, and so he decided to find other work in order to earn a little more. Adolfo wants this loan so that he can increase his earnings and thus be able to purchase basic foodstuffs for his children. He hopes that his children will finish their studies someday and be able to purchase their own homes. He is happy to be the group’s president, since he wants to help the rest of the group, and without help from the other members they would not receive this loan.

Agustina Miñón M. serves as treasurer on El Cedro group’s governing committee. She is thirty-three years old, completed high school, and has two children (a girl and a boy). She makes a living selling gold, hand-sewn goods, embroideries, and paintings, and needs a loan so that she can purchase gold jewelry and cut glass. Her customers are her neighbors and include other members of El Cedro group, who purchased jewelry and bathroom sets from her. She has made a living from sewing for twenty-four years and learned this craft when she was in school, but she has only been painting for a little while. Agustina wants this loan so that she can increase her business and thus increase her profits in order to pay for her children’s studies and food.

The other members are:

Hilda L. Romera – who sells clothing and perfume
José Ignacio Hernández Hernández – a mechanic
Gloria G. S. – who sells clothing
Guadalupe Bustos C. – who sells shoes from a catalog
Teresa de Jesús Díaz V. – who prepares and sells churros
Juan Ángel R. R. – who sells groceries
Julio Gómez Miñón – who makes bags and bracelets
Juan Fernando E. Pérez – a bricklayer
Daniel Lara Maza – who sells groceries.
View original language description ↓
Este unidad de desarrollo (UDE) se llama El Cedro porque todos son de la misma colonia, que tiene este nombre. La colonia de El Cedro está en el estado de Veracruz. Las UDEs son grupos de más de 10 personas que tiene una cuenta de banco y tienen que reunir semanalmente o quincenalmente para realizar sus pagos. Tiene un representante y un comité que lo gobierna. El grupo está conformado por diez integrantes.

El representante del grupo se llama Adolfo G. Gómez. Adolfo es casado, tiene 48 años, y tiene en total dos hijos. Él va a instalar una papelería en su casa y necesita el préstamo para comprar papel blanco, cartulina, y otros materiales de primaria. Sus clientes son los niños que asistan a la escuela ubicada a media cuadra de su casa. Él es profesor es esa misma escuela hace veintiséis años. Nos cuenta que estos tiempos difíciles, decidió encontrar otro tipo de trabajo para ganar un poco más. Adolfo desea este préstamo para sacarse una ganancia para comprar alimentación básica para sus hijos. Espera que algún día sus hijos terminen con sus estudios y pueden comprar sus propias casas. Él está feliz de ser presidente de este grupo porque sin el apoyo de los demás integrantes, no recibirían este préstamo y él quiere apoyarles a los demás.

Agustina Miñón M. es parte del comité de este grupo, El Cedro, como tesorera. Ella tiene treinta y tres años, estudió hasta el bachillerato terminado, y tiene en total dos hijos (una niña y un varón). Ella se dedica a la venta de oro y costura y bordado pintura y necesita el préstamo para comprar joyería de oro y cristal cortado. Sus clientes son sus vecinas, incluyendo otra integrante del grupo El Cedro, quien compró joyería y juegos de baño. Ella se dedica a coser hace veinticuatro años y aprendió cuando asistió a una escuela, pero solo hace poco tiempo pintando. Agustina desea este préstamo para aumentar su negocio, para sacarse una ganancia para estudios y alimentación para sus hijos.

Los otros nueve integrantes son:

Hilda L. R. – venta de ropa y perfume
José Ignacio Hernández Hernández – Mecánico
Gloria G. S. – Venta de ropa
Guadalupe Bustos C. – Venta de Calzado Por Catalogo
Teresa de Jesús Díaz V. – cocina y venta de Churros
Juan Ángel R. R. – Venta de Abarrotes
Julio Gómez Miñón – Fabricación de Bolsas y Pulseras
Juan Fernando E. Pérez – Albañil
Daniel Lara Maza – Venta de Abarrotes.

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
  • 49
    View loans »
    Mexico Loans Fundraising
  • $18,367,875
    Funds lent in using Kiva
  • 13.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Cedro Group's $3,050 loan helped a member purchasing stationery supplies, embroidery materials, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2009
Listed
Nov 12, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010