Check out some available loans that are similar to this one!
Fanny 4 Group
In this Group: Marcelina, Martha, Derfina Miguelita, Brenda Araceli, Ana Laura
View original language description ↓
Madam Marcelina, as everyone calls her in her town, is 42 years old. When she was very young she learned how to cook and has now worked in the cooking business for 6 years. She runs an inexpensive little kitchen out of her home, from which she obtains income to support her 5 children and purchase cooking products. With the requested loan she would like to buy utensils and merchandise for her business. Madam Marcelina is in a group with four other women: Martha D. sells fruits and vegetables, Derfina Miguelita D. sells tacos and makeup, and Brenda Araceli H. owns a grocery shop, and Ana Laura M. sells clothes.

Translated from Spanish by Geoff Rubin, Kiva volunteer




DOÑA MARCELINA COMO TODOS LA CONOCEN EN SU LOCALIDAD CUENTA CON 42 AÑOS, DESDE MUY PEQUEÑA APRENDIO A COCINAR Y TRABAJO EN ESTE NEGOCIO DESDE HACE 6 AÑOS TIENE UNA COCINA ECONOMICA MUY PEQUEÑA EN SU CASA DE LA QUE OBTIENE GANANCIAS PARA MANTENER A SUS 5 HIJOS Y COMPRAR PRODUCTOS PARA SU NEGOCIO, CON EL CREDITO PRETENDE COMPRAR UTENSILIOS Y MERCANCIA PARA SU NEGOCIO LAS OTRAS INTEGRANTES DEL GRUPO MARTHA D. VENDE FRUTAS Y VERDURAS, DERFINA MIGUELITA D. VENDE TACOS Y COSMENTICOS, BRENDA ARACELI H. TIENE UNA TIENDA DE ABARROTES Y ANA LAURA M. VENDE ROPA.

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
  • 17
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 10.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Fanny 4 Group's $1,675 loan helped a member purchase of cooking utensils and products.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Feb 28, 2008
Listed
Feb 13, 2008
Currency Exchange Loss:
Covered
Ended:
Oct 12, 2008