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Abasolo 2 Group
In this Group: Juana, Albina, Maria, Maribel
View original language description ↓
Madam Juanita, as everyone lovingly calls her in the community, is 43 years old and has three children. For the past 8 years she has worked selling ground chicken. In spite of how exhausting her job is and the little income it generates, this business is the sole monetary support for her family. She would like to use her loan to obtain more chickens, a weight, and a glass window to display her products. The other members of the groups -- Albina G. and Maria P. -- run a grocery store. Maribel P. sells fruits and vegetables.

Translated from Spanish by Geoff Rubin, Kiva volunteer




DOÑA JUANITA COMO CARIÑOSAMENTE LA LLAMAN EN LA COMUNIDAD TIENE 43 AÑOS Y TRES HIJOS, DESDE HACE 8 AÑOS SE DEDICA A LA VENTA DE POLLO TROZADO, A PESAR DE LO CANSADOR QUE RESULTA SU TRABAJO Y LA POCA GANANCIA QUE ESTO LE GENERA ESTE HA SIDO EL SUSTENTO DE SU FAMILIA, DESEA SU CREDITO PARA PODER OBTENER MAS POLLOS, UNA PESA Y HASTA UNA VITRINA PARA LA MEJJOR EXHIBICION DE SUS PRODUCTOS , LAS OTRAS INTEGRANTES DEL GRUPO ALBINA G. Y MARIA PÉREZ TIENEN UNA TIENDA DE ABARROTES, MARIBEL PÉREZ VENDE FRUTAS Y VERDURAS

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
  • $18,764,650
    Funds lent in using Kiva
  • 10.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Abasolo 2 Group's $1,400 loan helped a member to buy more chickens, a weight, and a display cabinet.
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