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Jumiltepec Group
In this Group: Ana Bertha, Joaquina, Santa Rosa, Teresita De Jesus, Maria Felix, Maria Rachel, Miguel Angel, Justina, Aida , Esther
This communal bank group is called Jumiltepec. It consists of Señora Ana Bertha who with her loan is going to buy shoes and seasonal calalogues; Señora Joaquina who is going to buy firewood, coal, rice, oil, sugar to make tacos 'acorazados' (battleship tacos are massive corn tortillas with rice and beef - hence the 'battleship' terminology); Señora Santa Rosa is going to buy flowers wholesale; Señora Teresita de Jesús is going to buy sugar and jars for selling honey; Señora María Félix is going to buy avocados wholesale; Señoras María Rachel, Justina y Esther are going to buy sugar, flour; Señor Miguel Ángel is going to buy toilet paper, sugar, salt, soap, oil, soft drinks, Bimbo bread, cookies; Señora Aida is going to buy milkshakes, tea, aloe, proteins.

Señora Justina is 63 years old. She is a widow and has 11 children, 7 females and 4 males, all of whom work now. She makes sweet bread. She is asking for a loan to buy flour, sugar, butter, eggs, vanilla, cinnamon and firewood with which to make her sweet bread and pastries (called shells and kisses) and white bread rolls. She started her business 35 years ago and with the savings from the business bought the ingredients. She used to work with her aunt and watched her make the bread and learned how to do the same. The business is important because with it they never lack for food. She makes bread every 8 days. On Thursdays and Sundays her daughters help her make the bread. She goes to town to sell her products as she has customers that date back years and know the days she sells on. She sells her products that gives her the money to buy food for her grandchildren. She uses the profit to pay off debts, reinvest and for food. Her dreams and hopes are to live well, quiet and happy with her family and also wishes the best for her children. The members of the group want to thank Kiva and the Fundacion Realidad: "Thank you for the loans; we are grateful to you. Thanks to your help we can move forwards with our businesses."
View original language description ↓
Este grupo solidario se llama Jumiltepec, está conformado por la señora Ana Bertha va a comprar con su préstamo zapatos y catálogos de temporada, la señora Joaquina va a comprar leña, carbón, arroz, aceite, azúcar para elaborar tacos acorazados, la señora Santa Rosa va a comprar flores por mayoreo, la señora Teresita de Jesús va a comprar azúcar, frascos para la venta de miel, la señora María Félix va a comprar aguacate por mayoreo, las señoras María Rachel, Justina y Esther van a comprar harina, azúcar, el señor Miguel Ángel va a comprar papel higiénico, azúcar, sal, jabón, aceite, refrescos, pan Bimbo, galletas, la señora Aida va a comprar malteada, te, aloe, proteínas. La señora Justina tiene 63 años de edad, ella es viuda tiene 11 hijos, 7 mujeres y 4 varones ya todos trabajan, ella elabora pan de dulce, ella solicito su préstamo para comprar harina, azúcar, manteca, huevo, vainilla, canela y leña para elaborar el pan de dulce, conchas, besos, cemitas, ella inicio su negocio hace 35 años, con los ahorros de su trabajo compro los insumos, ella trabajaba con su tía y veía como elaboraba el pan y aprendió a hacer el pan. Su negocio es importante porque no les hace falta para comer, ella elabora el pan cada 8 días los días jueves y domingos sus hijas le ayudan a elaborar el pan, ella sale a vender sus productos a la ciudad ya tiene a sus clientes de años que ya saben los días que vende, ya vende sus productos y ya tiene dinero para comprar comida y llevarles a sus nietos, ella utiliza las ganancia para pagar deudas, para volver a invertir y para la comida. Sus sueños y esperanzas son vivir bien, tranquila y ser feliz con su familia y lo mejor para sus hijos. Los integrantes del grupo quieren decirle a Kiva y a Fundación Realidad “gracias por sus préstamos, estamos agradecidos con ustedes gracias a su ayuda podemos salir adelante con 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
  • 14
    View loans »
    Mexico Loans Fundraising
  • $19,043,075
    Funds lent in using Kiva
  • 13.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Jumiltepec Group's $2,675 loan helped a member to buy flour, sugar, butter, eggs, vanilla, cinnamon and firewood.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2011
Listed
Nov 20, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012