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El Tesoro Group
In this Group: Gloria Isabel, Glafira, Abinael

Update on El Tesoro Group

The group is called, "El Tesoro," and is made up of three people who work in their respective livelihoods. Glafira is married to Adolfo, and they have three children who are already married. She applied for the loan in order to buy ingredients such as sugar, flour, cooking oil, eggs, and other things for making bread.

She has been working at this for six years and it's going well, as she has had good income for her household. She began it through her own creativity, as she also wanted to support her husband with income for their home and family. What she wishes for her business is to have a larger oven, in order to continue working the way she likes.

The people making up the group are: Gloria Isabel who will use the loan to buy ingredients for her taco stand, and Abinael who will use the loan to buy ingredients for making tamales.
View original language description ↓
El grupo se llama el tesoro y se integra de tres señores quienes se dedican a su respectiva actividad

La señora Glafira es casa con el señor Adolfo y con quien procreo tres hijos quienes ya están casados.
Ella solito el préstamo para invertirlo en la compra de ingredientes como son: azúcar, harina, aceite, huevo, entre otros para la elaboración de pan en donde lleva trabajando seis años y le va bien ya que con ello ha tenido buenos ingresos para su hogar.
Comenzó por su propia creatividad ya que también quiere apoyar a su esposo con los ingresos de la casa y su familia.
Lo que desea su actividad es poder tener un horno más grande para seguir trabajado como ella le gusto
Las personas que integran en el grupo son: Gloria Isabel quine invertirá el préstamo en la compra de ingredientes para su taquería y don Abinael quine invertirá el préstamo en la compra de ingredientes para la elaboración de tamales.

Previous Loan Details

Gloria Isabel lives in a very large neighborhood where they celebrate the Fiesta de Santo Domingo on the 24th and 25th of April. They celebrate in a big way because this community has a very pretty former convent. Gloria is married to Jorge Enrique, and they have three children who are stil... More from El Tesoro Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • $19,061,275
    Funds lent in using Kiva
  • 13.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Tesoro Group's $750 loan helped a member to buy ingredients for making bread.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2011
Listed
Jan 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012