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Magno Group
In this Group: Guadalupe, Maria De Jesus, Silvia, Roldan Oswaldo
Guadalupe is a very hardworking woman who wants to get ahead. She is 34 years old, married and has 3 children who depend on her. She remarks that 2 years ago she started a business selling fruit and vegetables in season in a small town near her community. She says she learned the business to help her husband with the household expenses because they couldn't make ends meet. She says that she goes to the distribution center every day to stock up on fruit and vegetables and in avocado season she cuts them from the trees she has at her house. Lupita, as she is affectionately called, is asking for a loan to keep investing in her business. She sells door to door and in the city market. She sells avocados, chiles, apples, nopales, swiss chard, guayabas, peaches, grapes, etc. She says “thanks to everyone who helped through through the loans because they help us to give our children a better quality of life."

The other three members of the group are named María de Jesús, Silvia and Roldan. They will invest their loans in buying plastic kitchen products via catalog and pigs to raise and sell as well as in fruit and vegetables to sell.
View original language description ↓
Doña Guadalupe es una mujer muy trabajadora y con ganas de salir adelante, ella tiene 34 años y es casada y tiene 3 niños que dependen de ella. Platica que desde hace 2 años empezó un negocio de venta de frutas y verduras de temporada en una población cercana a su comunidad dice que emprendió el negocio para ayudar a su esposo con los gastos del hogar por que no le alcanzaba, comenta que a diario va a la central de abastos a surtir de fruta y legumbre y cuando es temporada de aguacate ella los corta de sus árboles que tiene en su casa. Lupita como de cariño le dicen está pidiendo un crédito a la financiera para seguir invirtiendo en su negocio, ella vende de casa en casa y en el mercado de la ciudad, ella vende aguacate, chiles manzanos, nopales, acelgas, guayabas, duraznos, uvas etc. Ella dice “gracias a todas las personas que nos ayudan a través de los créditos por que así nos ayudan a darle a nuestros hijos una mejor calidad de vida”.
Los otros tres integrantes del grupo se llaman María de Jesús, Silvia y Roldan ellos invertirán sus créditos en la compra de productos por catalogo de plástico para cocina, en puercos para criarlos y después venderlos y en frutas y verduras 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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $18,365,750
    Funds lent in using Kiva
  • 13.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Magno Group's $1,200 loan helped a member to sell fruit and vegetables.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 2, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012