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Cosoltepec Group
In this Group: Magdalena *, Michel , Emiliana , Lorenza Narahulda, Leonor , Arcelia , Mario , Mara Iveth , Jose Alfredo , Alicia
* not pictured
This is a development unit called Cosoltepec which means Paisan Hill. The group decided on this name because all the members are from this community. They meet once a week in the home of Mrs. Lorenza Harahulda L. C. who lives in the "Farming" colony that belongs to the town of "San M. Soyaltepec" in the state of Oaxaca. The group is comprised of 10 members and this is their sixth loan through FRAC.

Mrs. Lorenza Narahulda L., known as "Nara" in the community, is 42 years old, married, and has two daughters and a son. She owns a taco stand called "La mixtequilla" located on the road to Temazcal in the town of Cosoltepec. She is requesting the loan to buy meat, softdrinks, tomatoes, chiles, onion, tortillas, napkins and bags for the preparation and sale of her tacos. Nara told us that she's had this business for three years and thanks to the support she has been able to grow her business little by little. She hopes to be able to provide an education to her children so they may become professionals and not live in hardship.

Mr. Mario P. S. is also a member of the Cosoltepec group. He is 44 years old, married and has two daughters and a son. He owns a small carpentry shop in his home in Niños Héroes Street, number 16. He needs the loan to buy lumber, nails and varnish so he can make furniture and then sell it. He hopes to invest his earnings in more material, and provide an education for his youngest daughter who is 12 years old. Hopefully in this way he will improve his family's living conditions.

The other 8 members in the group are:
Magdalena C. N. who raises pigs
Michel López Ramírez who grows corn
Emiliana S. Hernández who has a Mexican tamales stand
Leonor González Pérez who has a clothing shop (bed sheets, curtains, towels, pants and blouses)
Arcelia M. E. who sells bed linens and typical regional clothing
Mara Iveth Ramírez L. who sells sweets and bottled water
José Alfredo M. M. who has a ladies' and gentlemens' clothing store
Alicia R. E. sho sells groceries
View original language description ↓
Esta unidad de desarrollo (UDE) se llama Cosoltepec que significa cerro del Paisan y han llamado su grupo así porque todos los miembros son originarios de esta comunidad, ellos se reúnen cada semana en el domicilio de su representante la señora Lorenza Narahulda L. C. que se encuentra ubicado en la colonia “Agrícola” que pertenece al municipio de “San M. Soyaltepec” en el estado de Oaxaca este grupo está conformado por 10 integrantes y este es su préstamo número 6 con FRAC.
La señora Lorenza Narahulda L., "Nara" como la conocen en su comunidad tiene 42 años, es casada y tiene 3 hijos 2 mujeres y 1 hombre. Ella tiene una taquería llamada "La mixtequilla" ubicada en la carretera a Temazcal en la comunidad de Cosoltepec. Ella desea su préstamo para poder comprar carne, refrescos, tomates, chiles, cebolla, tortillas, refrescos, servilletas y bolsas para la preparación y venta de sus tacos. Nara nos dijo que ya tiene 3 años con su negocio y que gracias al apoyo su negocio ha crecido poco a poco. Ella espera darles estudios a sus hijos para que en un futuro sean profesionistas y no les tengan que sufrir.
Don Mario P. S. también es miembro del grupo Cosoltepec el tiene 44 años es casado y tiene 3 hijos 2 mujeres y un hombre. El tiene una pequeña carpintería en su hogar en la calle niños héroes numero 16, el necesita el crédito para poder comprar madera, clavos y barniz para poder realizar sus muebles y posteriormente venderlos. El espera que con las ganancias pueda invertir en mas material, darle estudios a su hija la más pequeña que tiene 12 años y superarse para lograr el bienestar de su familia
Los otros 8 integrantes son:
Magdalena C. N. cría de cerdos
Michel López Ramírez siembra de maíz
Emiliana S. Hernández venta de antojitos mexicanos(tamales)
Leonor González Pérez tienda de ropa (sabanas, cortinas, toallas, pantalones y blusas)
Arcelia M. E. venta de ropa de cama y ropa típica de la región
Mara Iveth Ramírez L. venta de dulces y aguas frescas
José Alfredo M. M. tienda de ropa dama y caballero
Alicia R. E. 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
  • 7
    View loans »
    Mexico Loans Fundraising
  • $17,366,525
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cosoltepec Group's $3,950 loan helped a member to buy corn, lumber, groceries, clothing, sweets and pig feed.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2010
Listed
Dec 17, 2010
Currency Exchange Loss:
Possible
Ended:
May 15, 2011