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Lanza 1 Group
In this Group: Maria Luz, Carolina, Flor, Alejandra
View original language description ↓
Maria Luz has had a grocery store in her house for 5 years. She is 44 years old, has three children, and her husband is a farmer. The other members of the group are Carolina, who has a candy store in her mother's home; Flor, who sells fruits and vegetables in her house; and Alejandra, who sells butchered chickens. As their businesses are diverse they will share the loan and each woman will invest in purchasing merchandise for her respective business so that she will be able to increase her sales.


Translated from Spanish by Cindy Kendall, Kiva volunteer.



MARIA LUZ TIENE EN SU CASA UNA TIENDA DE ABARROTES DESDE HACE 5 AÑOS , ELLA TIENE 44 AÑOS , TRES HIJOS , SU ESPOSO TRABAJA EN EL CAMPO . LAS OTRAS INTEGRANTES DEL GRUPO TIENEN COMO ACTIVIDAD : DOÑA CAROLINA UNA DULCERIA EN LA CASA DE SU MAMA , DOÑA FLOR VENDE FRUTAS Y VERDURAS EN SU CASA Y DOÑA ALEJANDRA VENDE POLLOS TROZADOS COMO SUS ACTIVIDADES SON VARIADAS ELLAS SE REPARTIRAN EL PRESTAMO Y CADA UNA INVERTIRA APORTANDO MERCADERIAS A SUS NEGOCIOS PARA PODER DE ESTA FORMA AUMENTAR LAS VENTAS

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

  • $15,600
    Average annual income
  • 27
    View loans »
    Mexico Loans Fundraising
  • $19,067,200
    Funds lent in using Kiva
  • 10.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Lanza 1 Group's $1,500 loan helped a member purchase merchandise to better supply their businesses.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 29, 2007
Listed
Dec 14, 2007
Currency Exchange Loss:
Covered
Ended:
Jul 29, 2008