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5 De Mayo Group
In this Group: Isabel, Maria Del Carmen, Eufrocina, Yecenia, Victorina
This group is called “5 de Mayo” and is located in the community of Ocuituco, México. Its members are Isabel who will use the loan to buy cans of peaches, María del Carmen who will buy rice, cheese, oil, paper and bags to prepare fast food snacks, Eufrocina who will buy eggs, sugar, soap and oil to stock her grocery store, Yecenia who will buy feed to fatten up pigs and Victorina who will buy drums, jugs and cans.

Victorina is 22 years old and lives in common law relationship with her husband. They have two children: Milton, 6, and Tony, 1. She asked for her loan to buy plastic items: drums, cans and jugs to sell. She started the business 7 years ago; it was an inheritance from her in-laws. They taught her the business. Her husband goes out to adjacent towns to sell the items to the people in the countryside. Her business is important because that’s where she gets what she needs to feed and clothe her children. She is proud that her customers, who are the country folk, prefer her and she enjoys going out to get to know other towns.

Ocuituco is a pretty town. It has a mild climate, much vegetation and fruit trees. Avocadoes are abundant. The 25th of July is celebrated as St. James the Apostle Feast Day. Masses are celebrated and there are fireworks displays.

She hopes to have her own house and to enlarge the business to be able to provide her children with better quality of life.

The group members would like to say to Kiva and to Fundación Realidad: “We thank you for your support and for the trust you’ve place in us and keep helping other people.”
View original language description ↓
Este grupo solidario se llama 5 de mayo, se localiza en la comunidad de Ocuituco, Mexico, esta conformado por la señora Isabel va a comprar con su prestamo botes de durazno, la señora Maria del Carmen va a comprar arroz, queso, aceite, papel, bolsas para preparar la comida para los antojitos, la señora Eufrocina va a comprar huevo, azucar,jabon, aceite para surtir su tienda de abarrotes, la señora Yecenia va a comprar alimento para engordar cerdos, la señora Victorina va a comprar toneles,garrafas y botes. La señora Victorina tiene 22 años de edad, ella vive en union libre con su esposo ellos tiene 2 hijos Milton de 6 años de edad y Tony de 1 año de edad, ella solicito su prestamo para comprar material de plastico botes, garrafas y tambos para vender, ella inicio su negocio hace 7 años es herencia de sus suegros, ellos le enseñaron a trabajar en este negocio, su esposo salen a los pueblos vecinos a vender sus productos con los campesinos, su negocio es importante porque de ahi sale para la alimentacion de sus hijos y para vestirlos, ella esta orgullosa por la preferencia de los clientes que son los campesinos y de viajar y conocer otros pueblos. Ocuituco es un pueblo bonito, tranquilo de clima templado, hay mucha vegetacion, arboles frutales se da el aguacate, celebran el 25 de julio a Santiago Apostol hay misas, juegos pirotecnicos. Ella tiene la esperanza de tener su casa propia, hacer mas grande su negocio para poder darles a sus hijos una mejor calidad de vida. Las integrantes del grupo quieren decirle a Kiva y a Fundacion Realidad "les damos las gracias por su apoyo y la confianza que nos dan y que sigan ayudando a mas personas".

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
  • 21
    View loans »
    Mexico Loans Fundraising
  • $18,753,000
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of 5 De Mayo Group's $1,200 loan helped a member to buy plastic cans, jugs and drums.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011