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Barrio Las Canoas Group
In this Group: Alberto , Leticia, Ernesto, Alberto , Juana , Crisanta , Abundio
The “Barrio las Canoas” group is composed of seven women and four men. They chose that name because that’s the name of the neighborhood where they live and the place is divided up into several sections. However, what the members of this group most admire about their community is the trees because the neighbors from this community have been very good about caring for their trees. The members of the group will use the loan to buy various amounts of sheep since this is what they are all involved in. This is the first time they’ve participated in FRAC and KIVA loans.

However, the group representative is Alberto and he will invest the loan in his grocery store. He will buy everything he considers necessary like: milk, bread, eggs, soft-drinks, sugar, water, beans, etc. As a matter of fact, he will buy everything that sells the most which would be food items for the people in his community.

He’s been in business ten years and has had no problems lately. Previously he did because he’d sell on credit and then they wouldn’t want to pay him back so he stopped selling on credit; he doesn’t do it anymore because when payment time comes around many don’t want to pay and he has lost friendships that way. His wife helps tend to the store and his goal is to have another business in another location or town; he’d also like to buy some animals later on.

Alberto is 51 years old and married to Mónica who is 46 years old. They’ve been married for 28 years and have five children together. Jesús, 16, goes to middle school and still depends on them.
View original language description ↓
El grupo “Barrio las Canoas” está conformado por siete personas son siete mujeres y cuatro hombres el nombre lo eligieron ya que así se llama el barrio donde viven u el lugar está dividido en varias secciones sin embargo a los integrantes de este grupo lo que más le gusta de su comunidad sus árboles es algo que admiran porque los vecinos de la comunidad ha sabido cuidar muy bien sus árboles.
Los integrantes les grupo invertirán el préstamo en la compra de borregos en diferentes cantidades ya que ha esto se dedican todos es la primera vez que participan en un crédito con FRAC y KIVA.
Sin embargo el representante del grupo que es el señor Alberto invertirá en su tienda de abarrotes comprara todo aquello que considera que le hace falta como leche, pan, huevo, refresco, agua, azúcar, frijoles, etc. En si comprara lo que más vende que en todo caso sería alimentos para la gente de la comunidad.
En la actividad lleva ya diez años en todo este tiempo no ha tenido problemas anteriormente si ya que dada fiado y no le querían pagar es por eso que dejo de dar fiado y ahora ya no lo hace, porque a la hora de pagar no quieren y a perdido amistades. Quien le ayuda a atender la tienda es su esposa su meta es llegar a tener otro negocio en otra localidad o municipio también quisiera comprar unos animales más adelante.
Don Alberto tiene 51 años de edad está casado con la señora Mónica que tiene 46 años están casados desde hace 28 años, juntos han procreado 5 hijos uno aun dependen de ellos Jesús que tiene 16 años estudia la secundaria.

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
  • 3
    View loans »
    Mexico Loans Fundraising
  • $17,777,925
    Funds lent in using Kiva
  • 14.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Barrio Las Canoas Group's $2,000 loan helped a member to buy everything needed to stock his store.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Sep 22, 2011
Listed
Oct 6, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012