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Flores Magon Group
In this Group: Maria Socorro, Reyna, Isabel, Clementina, Stephanie , Teresa , Marisol , Patricia, Magdalena, Rocio , Vianey*
* not pictured
Clementina requested a loan from the financial institution to buy groceries such as toilet paper, soft drinks, oil, chilis in vinegar, eggs and rice. She also sells some cold meats and different sweet treats. She tells us that on Thursdays and Fridays she sells dinners such as 'pozole' and 'corundas' (meals from her region).

Clementina has owned her grocery store for approximately 13 years and started the business because a neighbor of hers used to sell groceries. Her neighbor moved house and there wasn't another store nearby. Clementina therefore thought to set up a table selling sweet treats. She gradually invested in groceries and stocked her business. She says that, thanks to her loans from the institution, she has increased her profits as she has managed to stock up with items that she didn't used to sell. She supplies her products to different stores in her town.

Clementina is married to Leonel who works for a company that makes baked goods. They have three children who are all married. Clementina's goal is to open special premises for her grocery store since right now she only has some shelves in her living room.

The other ten members of the group are Maria Socorro, Reyna, Isabel, Stephanie, Patricia, Magdalena, Rocio, Vianey, Teresa and Marisol. They requested their loans to invest in a clothes store, to buy sweet treats to sell, to sell meals, to invest in a grocery store, to buy materials for making clothes, to buy catalog shoes, to buy jewelry, to make Mexican snacks and to buy catalog clothes.
View original language description ↓
Doña Clementina pidió un préstamo a la financiera para comprar productos de abarrotes como papel higiénico, refresco, aceite, chiles en vinagre, huevo, arroz, también vende un poco de carnes frías, y dulces de diferentes sabores; comenta que los días jueves y viernes vende cenas como pozole y corundas (comida de la región) ella tiene su tienda desde hace baproximadamente 13 años y emprendió este negocio por que una señora que era su vecina vendía abarrotes y se cambio de casa y no había cerca de ahí otra tienda entonces doña Clementina se le ocurrió poner una mesita de dulces y poco a poco fue invirtiendo en sus abarrotes y de ahí fue surtiendo, dice que gracias a los prestamos que le ha realizado la financiera ella a incrementado sus ganancias ya que ha surtido artículos que no vendía. Ella surte sus productos en diferentes tiendas de su población, ella esta casada con el señor Leonel el cual es empleado de una empresa panadera, ellos tuvieron 3 hijos todos ellos ya casados. La meta que tiene doña Clementina es poner un local especial para su tienda de abarrotes ya que tiene unos anaqueles en la sala de su casa.

Las otras diez integrantes del grupo son Maria Socorro, Reyna, Isabel, Stephanie, Patricia, Magdalena, Rocio, Vianey, Teresa y Marisol ellas pidieron sus prestamo para invertirlo en una tienda de ropa,compra de dulces para su venta,venta de comida,invertir en tienda de abarrotes,compra de material de hacer prendas de vestir, zapatos por catalogo,joyeria fina, antojitos mexicanos y para comprar ropa por catalogo.

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
  • 6
    View loans »
    Mexico Loans Fundraising
  • $17,358,450
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Flores Magon Group's $3,075 loan helped a member to stock her grocery store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2011
Listed
May 18, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 16, 2011