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El Polvorin Group
In this Group: Catalina, Maria Guadalupe, Diana Martina, Rosa Maria, Reyna, Maria Isabel , Adela, Ana Luisa, Yginia*, Gabriel
* not pictured
Reyna is 30 years old. In the locality where she lives avocadoes grow profusely. She’s married and her husband’s a day laborer. They have a daughter who is in elementary school.

Reyna belongs to a credit group called “El Polvorín” (Powder Keg). She comments that they chose that name because that’s what their neighborhood is called. She is a very hardworking, very active woman. She’s had a grocery store for the last six years. She says she started this business in order to be able to be more watchful of her children.

She is asking the financial agency for a loan to buy stock merchandise for her store like: sugar, soap, milk, coffee, eggs, rice and basic need items. She goes to a nearby town to stock up on goods at a supermarket there where prices are lower and she can then earn a bit of profit.

Reyna’s goal is to build a space later on out of cement because she currently keeps her products in a little wooden room. She’d like to start to save up and have her business very well stocked because this is a very important source of employment for her.

The other nine group members are: Catalina, María Guadalupe, Diana Martina, Rosa María, María Isabel, Adela, Ana Luisa, Ygnacia and Gabriel. They will use the loan they are getting in various businesses like: fruit and vegetable stand, women’s catalogue clothing sales, candy stand and a flower shop.
View original language description ↓
La señora Reyna tiene 30 años de edad la localidad donde vive es muy prolifero el cultivo de aguacate, ella es casada y su esposo es jornalero y tienen una hija la cual estudia la primaria. Doña Reyna pertenece a un grupo de crédito llamado “El Polvorín” comenta que le pusieron es nombre por que así le dicen a la colonia donde vive. Ella es una mujer trabajadora y muy activa ella tiene una tienda de abarrotes desde hace 6 años dice que emprendió ese negocio para estar mas al pendiente de sus hijos. Ella esta pidiendo un crédito a la financiera para comprar productos para tener surtida su tienda de abarrotes como azúcar, jabón, leche, café, huevo, arroz y artículos de primera necesidad etc. ella se va a surtir a una población cercana a la de ella en supermercados donde le dan bajos precios para que después ella pueda ganarles algo. La meta que tiene la señora Reyna es mas adelante poner un local de cemento ya que donde tiene sus productos es un cuartito de madera ella quisiera ponerse ahorrar para hacer su local y tener muy bien surtido su negocio ya que es la fuente de empleo muy importante para ella.
Los otros nueve integrantes se llaman Catalina, María Guadalupe, Diana Martina, Rosa María, María Isabel, Adela, Ana Luisa, Ygnacia y Gabriel ellos invertirán su crédito que les están otorgando en diferentes negocios como en puesto de frutas y legumbres, en ropa para dama por catalogo, puesto de dulces, en una florería.



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
  • 25
    View loans »
    Mexico Loans Fundraising
  • $19,067,200
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Polvorin Group's $3,650 loan helped a member to buy stock items for her grocery store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2011
Listed
Aug 11, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011