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Santa Mónica Group
In this Group: Francisca, Juana Janeth, Leticia, Ma De Jesus, Ma Teresa, Nelly Catalina
Santa Mónica is a group formed by six women that’s in its first cycle with Credituyo. They chose this name for the group because that’s the name of the street where they have their weekly meetings. The women in this group carry out various economic activities like: shoe sales, clothing sales and tamales sales.

María de Jesús, 48, is one of the group members. She lives in a free union and has just one son who is already married. María’s husband is a watchman and recently lost his job which forced María de Jesús to start selling tamales to help cover household expenses. María has done quite well with her tamale sales business and expects to use the loan to buy another tricycle cart so that her husband can help her sell tamales in the neighborhoods near her house. In the long run, María de Jesús hopes to make her business grow enough so that she can hire employees and retire.
View original language description ↓
Santa Mónica es un grupo de formado por 6 mujeres que se encuentra en su primer ciclo con Credituyo. Ellas escogieron ese nombre para el grupo porque así se llama la calle donde realizan sus reuniones semanales. Las mujeres de este grupo practican diferentes actividades económicas como venta de zapatos, ropa y venta de tamales.

María de Jesús es una de las integrantes del grupo, tiene 48 años, vive en unión libre, y solo tiene 1 hijo que ya está casado. El esposo de María es vigilante y recientemente se quedó sin trabajo, hecho que obligó a María de Jesús a vender tamales para apoyar con los gastos del hogar. A María le ha ido bastante bien con su negocio de ventas de tamales y con su crédito espera comprar un triciclo más para que su esposo le ayude a vender tamales en las colonias cerca de su casa. A largo plazo, María de Jesús espera poder hacer crecer su negocio lo suficiente para contratar algunos empleados y así poder retirarse.

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
  • 2
    View loans »
    Mexico Loans Fundraising
  • $17,777,925
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Mónica Group's $1,550 loan helped a member to buy a tricycle cart.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jul 7, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011