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Ixtlahuacan Group
In this Group: Patricia , Maria Clara , Juan Carlos , Leonardo
The Extlahuacan communal bank is comprised of the following members:

Patricia, who will use the loan to buy popsicles, “chicharrones” (fried pork rinds), chocolates, yogurt, and gelatin.

María Clara, who will buy beds, mattresses, and sheets.

Juan Carlos, who will buy soap and pressure washers.

Leonardo, who will buy fertilizer in order to fertilize his sugar cane crop.

María Clara, age 56, is divorced and has no children. She has a business renting a garden and bungalows for social events. She started her business three years ago when she was looking for information and took advantage of her property.

Her business is important because that is where she gets the income to eat, and it lets her get ahead. She is proud to see that her business is fulfilling her dreams. She remembers when she started, and people called her to rent the garden for an event. She feels proud that she is getting the fruit of her work. She uses the income to buy plants, lamps, paint, lights, and to pay for water and electricity.

Her hopes and dreams are for her business to grow and to build a second floor and a pool.

The members of the group want to tell Kiva and the Fundación Realidad, “We are grateful for your loans, they help us continue our businesses.”
View original language description ↓
Este grupo solidario se llama Ixtlahuacan, está conformado por la señora Patricia va a comprar con su préstamo paletas, chicharrones, chocolates, yogurt y gelatinas, la señora María Clara va a comprar camas, colchones, sabanas, el señor Juan Carlos va a comprar una carcher, jabón, el señor Leonardo va a comprar fertilizantes para abonar su cultivo de caña. La señora María Clara tiene 56 años de edad, ella es divorciada, ella no tiene hijos, ella tiene su negocio de renta de jardín para eventos sociales y bungalós, ella inicio su negocio hace 3 años buscando información y sacándole provecho a su propiedad. Su negocio es importante porque de ahí tiene ingresos para comer y le permite salir adelante, ella se siente orgullosa de su negocio de ver que se están realizando sus sueños, ella recuerda cuando empezó le llamaron para rentar el jardín para un evento y se siente orgullosa que está dando frutos su trabajo, ella utiliza las ganancia para comprar plantas, lámparas, pinturas, focos y para pagar el agua y la luz. Sus sueños y esperanzas son crecer su negocio, construir el 2º. Piso y la alberca. Los integrantes del grupo le quieren decir a Kiva y a Fundación Realidad “Estamos agradecidos por sus préstamos, nos ayudan a continuar con los negocios”.

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
  • $18,793,250
    Funds lent in using Kiva
  • 13.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ixtlahuacan Group's $1,350 loan helped a member to buy beds, mattresses, and sheets.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 4, 2012
Listed
Jan 22, 2012
Currency Exchange Loss:
Possible
Ended:
May 15, 2012