Check out some available loans that are similar to this one!
Flor De Colima Huixtepec Group
In this Group: Sara, Amada, Ricarda, Adela, Carmen, Rosalva
This group is called “Flor de Colima Huixtepec” and the story is about Rosalva who is part of this group. She is 26 years old and married to Raymundo; they have an 8-year-old son, Ricardo, who goes to second grade. She has been selling traditional Mexican fast food snacks and making napkins for five years.

Rosa (like she’s better known in her community) decided to go into this business because she needed to improve her quality of life and because she did not have sufficient economic solvency for her son’s education and to offer him a better future. She will use the loan to buy more ingredients like oil, salt, rice, tomatoes, chili peppers, meat, etc. and also thread, fabric, muslin and needles to continue making her napkins.

She wants to continue investing in her business because she wants to save up to build a locale to open a small restaurant because that way her production will be larger and she’ll have more variety of dishes to increase sales and profits to continue supporting her son’s education so that in future he will be able to complete a good professional career.

She says that she’s very grateful to Kiva lenders and to FRAC because thanks to them she’s getting ahead and has been able to have a business of her own to insure her son’s education and future.

The people who make up this group and their various activities are as follows:
Rosalva-fast food snacks
Sara-embroidery
Amada- embroidery
Ricarda- embroidery
Adela- embroidery
Carmen-notions
View original language description ↓
Este grupo lleva por nombre flor de colima huixtepec, esta historia es acerca de la señora Rosalva, ya que forma parte de este grupo, cuenta con 26 años de edad y está casada con el señor Raymundo con quien tiene 1 hijo, Ricardo de 8 años de edad esta cursando el segundo año de primaria, ella se dedica a la venta de antojitos mexicanos y también a la elaboración de servilletas desde hacen 5 años.

Doña Rosa (como mejor la conocen en su comunidad) decidió iniciar con este negocio por que tenía la necesidad de mejorar su calidad de vida y porque no contaba con la solvencia económica suficiente, para la educación de su hijo y para ofrecerle un mejor futuro, ella va a invertir el crédito en la compra de más insumos como son: aceite, sal, arroz, jitomates, chiles, carne, etc. También hilos, telas, mantas y agujas, para continuar con la elaboración de sus servilletas.

Ella desea seguir invirtiendo en su negocio ya que quiere ahorrar para construir un local y poner un pequeño restaurante, puesto que así tendrá una mejor producción y variedad de platillos, para mejorar e incrementar sus ventas y ganancias, y así seguir apoyando a su hijo con sus estudios y en un futuro pueda terminar una muy buena carrera profesional.

Dice que esta muy agradecida con los prestatarios de kiva y con FRAC, ya que gracias a ellos esta saliendo adelante y ha podido tener su propio negocio, asi poder asegurar la educación y futuro de su hijo.

Las personas que integran este grupo y las distintas actividades que realizan son las siguientes: Rosalva-antojitos, Sara-bordadora, Amada-bordadora, Ricarda-bordadora, Adela-bordadora y Carmen-mercería.

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
  • 26
    View loans »
    Mexico Loans Fundraising
  • $19,067,200
    Funds lent in using Kiva
  • 13.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Colima Huixtepec Group's $2,150 loan helped a member to buy oil, salt, rice, tomatoes, chili peppers, meat, etc. and also to buy fabric, muslin, thread and needles to continue making napkins.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2011
Listed
Nov 16, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012