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El Guayabo Group
In this Group: Romelia, Azalia, Elvia, Apolonia, Maria Divina, Vicenta, Sabina, Sonia, Vicenta, Eugenio
This group is called El Guayabo. The members decided to give the group this name because it is the name of the community where they live. As they all come from this community, they chose it as their group name. This story is about Eugenio V. Ramírez since he is one of the group's members. Eugenio is 39 years old, married, and has four children: Abel, Estela, Ángel and Cristian. Only his youngest is still in school. He is in his first year of elementary school. Two of Eugenio's children are married and one is in the United States.

Eugenio bakes and sells bread and rolls. He has been in this business for one year. "Don Geño", as he is better known in his community, decided to start this business because he needed to improve his quality of life and that of his family, in order to get his children ahead in life, since he didn't have enough financial solvency to provide them with a good education and continue investing in his business. He invested his loan in buying the ingredients he needed to continue preparing his products such as flour, sugar, yeast, salt, eggs, butter, oil and milk.

Eugenio would like to continue investing in his business so that he can grow it a lot more. He would like to buy another cutter so that he can enjoy a better production and increase and improve his sales and income. He would also like to set up a bakery as this will enable him to continue supporting his children with their studies and continue improving their quality of life.

Eugenio says that all his fellow group members are responsible people and good payers. They have all known each other for a long time since they are from the same community. They are also very good friends which means that they don't have any problems between them and, up until now, nobody has missed any loan repayments since they are all responsible, punctual and hard working.

Geño is very grateful to Kiva lenders and Fundación Realidad since, thanks to them, he is getting ahead in life and is able to own his own business, continue supporting himself and enjoy a better quality of life together with his family.

The other members of don Eugenio's group are: Romelia, Azalia, Elvia, Apolonia, María, Vicenta, Sabina, Sonia and Vicenta, who carry out different business activities including: selling meat, fruit, meals, clothes, sweet treats, tamales, soft drinks, groceries and running a bakery.
View original language description ↓
Este grupo lleva por nombre El Guayabo, los integrantes del grupo decidieron ponerle este nombre porque así se llama la comunidad donde viven, ya que todos son originarios de ahí, es por eso que escogieron este nombre, esta historia es acerca del señor Eugenio V. Ramírez, ya que es uno de los integrantes de este grupo, cuenta con 39 años de edad, esta casado y tiene 4 hijos Abel, estela, Ángel y Cristian, de los cuales solo el más pequeño estudia, está cursando el primer año de primaria, ya que dos de ellos están casados y uno más radica en los estados unidos, el se dedica a la preparación y venta de pan y bolillos, desde hace 1 año.
"Don Geño" como mejor lo conocen en su comunidad decidió iniciar con este negocio, por que tenia la necesidad de mejorar su calidad de vida y la de su familia, para sacar a sus hijos adelante, ya que no tenia la solvencia económica suficiente para conseguir darles una mejor educación, y continuar invirtiendo en su negocio, el crédito que recibió lo invirtió en la compra de los insumos necesarios para continuar con la preparación de su producto como son: harina, azúcar, levadura, sal, huevos, manteca, aceite y leche.
El señor Eugenio desea seguir invirtiendo en su negocio, y así poder hacerlo crecer mucho mas, puesto que quiere comprarse otra cortadora, para tener una mejor producción en su producto e incrementar y mejorar sus ventas e ingresos, ya que también quiere poner una panificadora, puesto que así podrá seguir apoyando a sus hijos con sus estudios, para que pueda seguir mejorando su calidad de vida.
Dice que todos sus compañeros, son personas responsables y pagadoras puesto que todos se conocen de hace tiempo, ya que son de la misma comunidad, y también son muy amigos así que no tienen ningún problema entre ellos, y hasta ahora nadie ha fallado con los pagos del crédito, ya que son muy responsables, puntuales y trabajadores.
Geño esta muy agradecido con los prestatarios de kiva y con Fundación realidad, ya que gracias a ellos esta saliendo adelante y ha podido tener su propio negocio, para así seguir apoyándose a sí mismo y tener una mejor calidad de vida junto con su familia.
Otros de los compañeros de don Eugenio son: Romelia, azalia, Elvia, Apolonia, María, Vicenta, sabina, Sonia y Vicenta quienes realizan variadas actividades como son: venta de carne, frutas, comida, ropa, dulces, tamales, refrescos, algunos abarrotes y panadería.

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
  • 18
    View loans »
    Mexico Loans Fundraising
  • $18,745,125
    Funds lent in using Kiva
  • 11.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Guayabo Group's $4,000 loan helped a member to buy the supplies he needs to continue preparing his products such as flour, sugar, yeast, salt, eggs, butter, oil and milk.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2011
Listed
May 2, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2011