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In this Group: Maria Nieves, Florinda, Gloria , Angelica, Leticia , Maria Antelma
This communal bank is called “Piedras Blancas” (White Stones).

Florinda and María Antelma are members who are going to buy seeds, fertilizer, and insecticides to cultivate corn.

María Nieves will buy toilet paper, soap, eggs, cheese, sugar, and soft drinks, etc.

Gloria will buy fishing nets.

Angélica is going to buy corn in bulk.

Leticia will buy fish by the kilo.

María Nieves is 43 years old and married. She has four children, and three of them go to school. One boy is in middle school, and the other attends the university. Her little daughter goes to elementary school. María Nieves has a grocery store. She requested her loan to buy ground cinnamon, baking powder, different types of chilies, sesame seeds, birdseed, carbonate, corn husks, bulk feed for raising chickens and pigs, soft drinks, soap, bleach, cleaning products, pine nuts, and toilet paper.

She started her business 25 years ago; it is an inheritance from her father-in-law. Her business is important because it is income for the family. She likes her business because she meets people, and she likes taking good care of her customers. Her children and her husband help her tend to the store.

She uses the income to pay for her children’s educational expenses, shoes, food, and her children’s uniforms. She is planning to stock her merchandise by purchasing by the case. She also plans to set up a shoe shop.

Her dreams and hopes are to set up a shoe shop, to remodel her house, and that her children finish their studies and get a good job.

The members of the group are grateful to Kiva and the Fundación Realidad for their help and interest in making their businesses grow.

Janeth works as a domestic employee, and her husband is a carpenter who works with aluminum. She needs the loan for the cost of moving dirt and starting to build a room in her house. It is also to buy sand, bricks, and cement. She lives in her own house in the Las Lomas zone in the city of La Paz. Janeth is married and has four children.

This is the second time that she wishes to have a Kiva loan.
View original language description ↓
Este grupo solidario se llama Piedras Blancas está conformado por las señoras Florinda y María Antelma van a comprar semilla, abono e insecticidas para cultivar elotes y maíz, la señora María Nieves va a comprar papel higiénico, jabón, huevo, queso, azúcar, refrescos etc., la señora gloria va a comprar redes o chinchorros para la pesca, la señora Angélica va a comprar maíz por bulto, la señora Leticia va a comprar pescado por kilo. La señora María Nieves tiene 43 años de edad, ella es casada tiene 4 hijos, 3 están estudiando, uno varón la secundaria e otro la universidad y su hija pequeña la primaria, ella tiene una tienda de abarrotes, solicito su préstamo para comprar canela molida, royal, guajillo, ajonjolí, alpiste, carbonato, hojas para tamal, chiles pasilla, bultos de alimento para crianza de pollo y puerco, refrescoos, jabon, cloro, fabuloso, pino, papel higienico, ella inicio su negocio hace 25 años es herencia de su suegro, su negocio es importante porque es un ingreso para la familia, a ella le gusta su negocio porque conoce a las personas y le gusta atender bien a sus clientes sus hijos y su esposo le ayudan a atender la tienda, las ganancias las utiliza para los gastos de la escuela de sus hijos, para el calzado, la comida y los uniformes de sus hijos, ella está planeando surtirse de mercancía por cajas y poner una zapatería. Sus sueños y esperanzas son poner su zapatería, remodelar la vivienda y que sus hijos terminen sus estudios y que tengan un buen trabajo. Los integrantes del grupo agradecen a Kiva y a Fundación Realidad su ayuda e interés para crecer nuestros negocios.

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
  • 11
    View loans »
    Mexico Loans Fundraising
  • $17,551,825
    Funds lent in using Kiva
  • 13.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Piedras Blancas Group's $1,525 loan helped a member to buy ground cinnamon, baking powder, different types of chilies, sesame seeds, birdseed, carbonate, corn husks, bulk feed for raising chickens and pigs.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2011
Listed
Oct 17, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012