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La Asuncion Group
In this Group: Paulina Fulgencia, Paula Esmeralda, Raquel Yolanda, Adilene Veronica, Yolanda Minerva
This community bank is called 'La Asunción' and its members are Paulina Fulgencia, Paula Esmeralda and Raquel Yolanda, who will use their loans to buy tamarind, amaranth, peanuts, sugar, brown sugar, honey and paper for making traditional sweet treats, and Adilene Verónica and Yolanda Minerva, who will buy flour, oil, dyes and bags for making wafer cookies.

Raquel Yolanda is 39 years old. She lives together with her common-law husband and has four children who are all in school. She makes traditional, regional sweet treats such as 'palanquetas', 'alegrías', peanut, tamarind and 'jamoncillo'. She requested her loan to buy peanuts, brown sugar, cereal, sugar and honey so that she can have a better stock of supplies available with which to work. Raquel Yolanda started her business 15 years ago. In her town, everybody makes sweet treats and she was taught by her parents. She started out with loans from the suppliers from whom she bought her merchandise. She sells her sweet treats in the markets in the villages with pilgrims and visitors. Her business is important. She enjoys making her sweet treats and hopes to gain more of the market. Her business provides her with the income she needs to cover all her needs. The challenges that she faces in her business are the high prices of sugar and peanuts. She is happy to be receiving this loan which she will use to buy raw materials so that she can continue working. Her hopes and dreams are to grow her business and for her children to continue studying and achieve the goals they set for themselves. The members of this group thank Kiva and Fundación Realidad for their loans because thanks to their help, they are able to grow their businesses.
View original language description ↓
Este Grupo solidario se llama La Asunción está conformado por las señoras Paulina Fulgencia, Paula Esmeralda y Raquel Yolanda van a comprar con su préstamo tamarindo, amaranto, cacahuate, azúcar, piloncillo, miel, papel para elaborar dulces típicos, las señoras Adilene Verónica y Yolanda Minerva van a comprar harina, aceite, pintura, bolsas, lija para elaborar obleas. La señora Raquel Yolanda tiene 39 años de edad, ella vive en unión libre tiene 4 hijos todos están estudiando, ella elabora dulces típicos de la región palanquetas, de alegría y cacahuate, tamarindo, jamoncillo, ella solicito su préstamo para comprar alegría, cacahuate, piloncillo, cereal, azúcar y miel para tener en existencia material para trabajar, ella inicio su negocio hace 15 años en su localidad todos elaboran dulces, sus papas le enseñaron a elaborar los dulces, ella inicio con créditos que les daban los proveedores donde compraba la mercancía, ella vende sus dulces en las ferias de los pueblos con los peregrinos y visitantes. Su negocio es importante porque a ella le gusta elaborar los dulces para tener más mercado, su negocio le proporciona ingresos para cubrir todos sus gastos, los desafíos que enfrenta su negocio son costos elevados en el azúcar y el cacahuate, ella está feliz con este préstamo que va a recibir va a comprar la materia prima para ir trabajando. Sus sueños y esperanzas son crecer su negocio y que sus hijos sigan estudiando y logren lo que se propongan. Las integrantes del grupo agradecen a Kiva y a Fundacion Realidad sus prestamos gracias a su ayuda podemos crecer los 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

  • $15,600
    Average annual income
  • 16
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 13.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Asuncion Group's $1,425 loan helped a member to buy amaranth, sugar, brown sugar, peanuts, honey and paper for making sweet treats.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2011
Listed
Nov 16, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012