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La Presa Group
In this Group: Juan, Gregoria, Yeimi, Alejandrina, Ana Elsa, Fidelina*
* not pictured
Juan, 48, is married and has two dependent children going to elementary school. He lives near a local archaeological zone. He comments that he has a candy stand at home and he’d like to enlarge it and sell a few groceries. He’s had his business for about three years and he says that he set up his stand to have an additional source of profits. He also farms avocadoes and has an orchard next to his house.

He is asking for the loan to make his business grow. He will stock up at various stores in one of the larger towns nearby. He will buy assorted candies, a bit of toilet paper, soap, chlorine bleach; whatever his neighbors most ask him to sell. He is very grateful for the loan he’ll get because it will allow him to provide his children with a better quality of life.

The other five group members are called: Gregoria, Yeimi, Alejandrina, Ana Elsa and Fidelina. They will use their loan to buy thread, hooks and raw materials to make embroidered artisanal bags, to buy fruits and vegetables, fried snacks and candy to sell.
View original language description ↓
Don Juan tiene 48 años de edad el esta casado y tiene dos hijos que dependen de el los cuales estudian en la primaria, el vive cerca de la zona arqueológica de su localidad. Comenta que tiene en su casa un puesto de dulces y el quisiera hacer un puesto mas grande y vender un poco de abarrotes, tiene con su negocio aproximadamente 3 años y dice que puso ese puesto para tener una entrada mas de ganancias, el también se dedica al cultivo de aguacate y tiene una huerta a lado de su casa. El esta pidiendo un crédito para hacer crecer su negocio el surtirá en diferentes tiendas de una población mas grande cerca de donde vive, comprara dulces de diferentes variedades y un poco de papel higiénico, jabón, cloro etc. lo que mas le piden sus vecinos que venda. El esta muy agradecido por el crédito que le harán por que así podrá darles a sus hijos una mejor calidad de vida.
Los otros cinco integrantes del grupo se llaman Gregoria, Yeimi, Alejandrina, Ana Elsa, Fidelina, ellas invertirán su crédito en la compra de hilo, ganchos materia prima para hacer bolsas bordadas artesanales, frutas y legumbres, fritangas y dulces para su venta.

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
  • 21
    View loans »
    Mexico Loans Fundraising
  • $18,293,550
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Presa Group's $2,325 loan helped a member to buy stock merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2011
Listed
Sep 14, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012