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Espiga Group
In this Group: Enrique, Josefa, Virginio
The group is called "Espiga", and is made up of three persons; two men and a woman. They live in a small community.

Virgionio was the one interviewed. He is married to Elisa, and they have four children who are already married. He says that he applied for the loan in order to buy wood for making furniture. He has been in this business for 20 years. It's going well, and he has managed to earn a good income for his family.

The inspiration for this business was his alone, as he worked for a carpenter, and the idea for this business began from there. He decided to set up his own carpentry shop to earn his own money.

What he most wishes is that with the loan and his hard work, he can continue increasing his business, so that he and his family can get ahead in life.

The people who make up the group are Enrique, who applied for the loan to buy wood for making furniture, and Josefa, who will use the loan to buy ingredients for making tamales.
View original language description ↓

El grupo se llama Espiga y se integra de tres personas dos hombre y una mujer y viven en una comunidad pequeña.

Don Virginio fue quien se le tomo la entre vista, el es casado con la señora Elisa y con quien procreo cuatro hijos quienes ya están casados, y comenta que solicito l préstamo para invertirlo en la compra de madera para la elaboración de muebles en donde lleva trabajando veinte años y le va bien y que con ello a logrado muchos ingresos para su familia.

Su inispiracion por esta actividad fue por si solo ya que trabajo con un señor que es carpintero y de ahí comenzó su noción por esta actividad y decidió poner su propia carpintería para ganar su propio dinero.

Lo que más desea es que con el préstamo y su actividad pueda seguir aumentando su negocio para así seguirá adelante con su familia.

Las personas que integran en el grupo son: el señor Enrique quien solicito el préstamo para invertirlo en la compra de madera para elaboración de muebles y la señora Josefa invertirá en la compra de ingredientes para la elaboración de tamales.

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

  • $11,249
    Average annual income
  • 16
    View loans »
    Mexico Loans Fundraising
  • $18,610,225
    Funds lent in using Kiva
  • 13.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Espiga Group's $875 loan helped a member to buy wood for making furniture.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 6, 2011
Listed
Dec 21, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012