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Flor De Canela Group
In this Group: Reynaldo, Mariana, Virginia, Benito
His family and friends affectionately call Reynaldo Señor Rey. From an early age his parents taught him to love the land and how to work it. As a young man he grew corn but it was very hard work and brought him little profit. Now Rey sells popsicles and ice cream, a job he’s been doing for sixteen years. He started out by selling from his house, then in his community of Curungueo, and finally as all was going well, he started going to other communities such as Macho de Agua and Río De Guadalupe amongst others. He walks around to sell his wares, outside primary schools for example, and when school is out, he sells in the streets of the communities.

Now Rey is seeking a loan from Kiva partner Fundación Realidad to buy more stock and also to buy ice cream cones, glass containers for ice cream, and another cooler as the one he has is very old.

Rey’s needs are many as he has a family to help get ahead in life. He wants to add more rooms to his home which is no longer big enough since several of his children still live at home. He says, “I want to give them a better life and buy more beds so that they don’t all sleep together. Before, my house had no floor but thankfully sales increased so I was able to take out loans and put in a concrete floor. For this reason I am still working with a finance company because it has helped me provide my children with a better quality of life.”

Rey has been married for thirty years to Sra. Amalia. They have six children. The oldest is called Mariana; she is married and has two children. Then there are Armando and Ángeles, aged 24 and 22. They both help Rey with household expenses such as buying gas or firewood, and paying the electricity bills. When they are able, they help pay for the school expenses of Miriam (18) and Liliana (13). His daughter 20-year old Lourdes is a single mother and helps with the household chores.

Rey’s dream is to help his daughters get good jobs so they don’t have to cut short their dreams. His goal is to establish a permanent store in his house so that his wife Amalia and daughter Lourdes can help him sell the products. In the future he wants to buy a freezer for the ice cream and popsicles.

The three other members of his group are Mariana, Virginia, and Benito who are seeking loans to buy fruit and vegetables, and Mexican snacks such as corundas (type of tamal sold in Michoacán).
View original language description ↓
El señor Rey como le dicen de cariño su familia y conocidos, el desde muy pequeño sus padres le inculcaron el amor por la tierra le enseñaron a trabajarla, dice que cuando era joven se dedico al cultivo de maíz, pero se le hizo un trabajo muy pesado y que le dejaba muy pocas ganancias. Ahora se dedica al comercio de paletas de hielo y helados, aproximadamente hace 16 años comenzó con el negocio, primero en su casa, luego en su localidad que es Curungueo y después como le fue hiendo bien se fue a otras comunidades como son Macho de Agua, Río De Guadalupe y otras comunidades, su negocio es ambulante el se pone fuera de las primarias y cuando no hay clases el vende sus paletas en las calles de las rancherías, por eso don Rey esta pidiendo su crédito a Fundación Realidad para surtir producto de helados y paletas ya que el las compra y las revende también para comprar barquillos, vaso para el helado, y comprar otra hielera por que comenta que la que tiene ya esta muy viejita. Sus necesidades son muchas, ya que el tiene que sacar adelante a su familia, quiere hacer unos cuartos por que ya donde viven no caben ya que todavía varios de sus hijos viven con el, comenta “Quiero darles una mejor vida comprarles mas camas para que ya no duerman todos enracimados antes no tenia piso mi casa y gracias a que he tenido mejores ventas por que he surtido mas con los créditos que me han otorgado ya le hice piso de cemento a mi casa por eso sigo trabajando con la financiera por que me ha ayudado a darle una mejor calidad de vida a mis hijos”. El es casado desde hace treinta años con doña Amalia ellos tienen seis hijos, la mayor de nombre Mariana es casada con dos niños, luego le siguen Armando y Ángeles de 24 y 22 respectivamente, dice don Rey que ellos dos le ayudan con los gastos de la casa, a comprar el gas o la leña y al pago de la luz y cuando pueden le ayudan con los gastos de la escuela de Miriam y Liliana de 18 y 13 años, y su hija Lourdes de 20 años es madre soltera, comenta que ella ayuda en las labores del hogar. El sueña con poder darles una carrera a sus hijas y no truncarles sus sueños a ellas. Su meta es proponerse hacer un local estable en su casa, para que su esposa doña Amalia y su hija Lourdes le ayuden a vender su producto, y mas adelante comprar un conservador para sus nieves y paletas.
Los otros 3 integrantes se llaman Mariana, Virginia y Benito ellos quieren los préstamos para invertir en la compra de Frutas y verduras y antojitos mexicanos (corundas).

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
  • 16
    View loans »
    Mexico Loans Fundraising
  • $18,745,125
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Canela Group's $1,375 loan helped a member to buy ice cream and popsicles.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2011
Listed
May 20, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011