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Monarca Group
In this Group: Elisa Guadalupe, Griselda Yamilet, Ma Guadalupe, Maria Elena, Reyna, Urania Rocio
Monarca is a really good microfinance group comprised of 6 very hardworking women who have one goal in common: to help their families get ahead. They called themselves the Monarca Group in honor of the monarch butterfly because they identify themselves with the butterfly, since they have to fight against all odds in order to reach a goal or a dream.


Reyna is one of the group members. She is a hardworking 42-year-old woman who lives happily with her husband and children in Monterrey. She decided to start selling lingerie and beauty products in order to help her husband cover their children's educational expenses, since her children are the most important thing in the world to her, and she wants to see them succeed.


With this loan, Reyna will continue to acquire more lingerie and beauty products because in addition to liking her business, she wants to work hard to be able to progress little by little, as she has been doing so far, thus she and her family will be able to obtain a better quality of life.

View original language description ↓
Monarca en un grupo solidario muy bueno conformado por 6 mujeres muy trabajadoras todas con un objetivo en común, “sacar a sus familias adelante”. Ellas le pusieron al grupo monarca en honor a la mariposa morarca, por sentirse identificadas con ella al luchar contra todo para llegar a una meta o sueño.

Reyna es una de las integrantes del grupo, es una mujer muy trabajadora de 42 años de edad que habita felizmente con su esposo e hijos en el municipio de Monterrey. Ella decidio dedicarse a la venta de poroductos de belleza y ropa interior para poder ayudar a su marido con los estudios de sus hijos, ya que para ella son lo mas importante en el mundo y quiere verlos triunfar.

Con el crédito que recivió, Reyna va a continuar surtiendo mas productos y ropa, ya que además de que le gusta su negocio, ella quiere luchar para poder progresar poco a poco así como lo a a echo y de esa manera poder tener una mejor calidad de vida con su familia.

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
  • 13.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Monarca Group's $1,500 loan helped a member to purchase lingerie and beauty products to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2011
Listed
Jan 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012