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Bugambilias Group
In this Group: Areli Yedid, Irasema, Irma Elizabeth, Karla Janeth , Leidy Vianey, Maria Bricia, Maria Rosa , Martha Elma
Las Bugambilias [The Bougainvilleas] is a Credituyo solidarity group. They are currently requesting their first loan with this institution. The women chose this name because they really like this plant and it's flowers. They are eight hard working women that live in the Garcia municipality, north of Monterrey. They say it is a very united group.

Areli Yedid is one of the women in the group. Areli is 30 years old, married, and has three children. Two of the children are currently in school. One is eleven years old and another is eight years old, while the smallest has just turn four and entered preschool.

Areli makes a living selling household appliances, linens, and some wood furniture. She began the business four years ago with the goal of being able to provide the best future possible for her children. She began by selling products just to her family members and close friends. Little by little she has begun to make sales to her neighbors in the community.

With the help from this loan she hopes to be able to establish different sales routes in several neighborhoods. This way her business will continue growing. She wants to use the loan to buy more bed sheets and household appliances which are the best selling products right now. This will allow her to be able to make her sales in other neighborhoods.
View original language description ↓
Las Bugambilias son un grupo solidario de Credituyo que está en su primer ciclo con esta institución. Ellas escogieron este nombre porque les gusta mucho esta planta y las flores que dan. Ellas son 8 mujeres trabajadoras que viven en el municipio de García, al norte de Monterrey. Ellas dicen ser un grupo muy solidario.

Areli Yedid es una de las mujeres del grupo. Areli tiene 30 años, esta casada y tiene 3 hijos, 2 de ellos estan asistiendo a la escuela actualmente, uno de 11 años y una de 8, el pequeño apenas tiene 4 años y acaba de entrar al jardin de niños.

Areli se dedica a la venta de electrodomésticos, blancos y algunos muebles de madera. Ella empezo su negocio hace cuatro años con el objetivo de poder proveerle a sus hijos del mejor futuro posible. Comenzó vendiendo productos sólo a sus familiares y amigos cercanos y poco a poco ella ha ido comenzando a venderle a los vecinos de la colonia. Con la ayuda de este crédito ella espera poder a establecer diferentes rutas de ventas por varias colonias y asi lograr que su negocio continue creciendo. Ella quiere usar este crédito para comprar más sábanas y aparatos electrodomésticos que son los productos que más se le están vendiendo ahorita y se le hace que podría empezar a vender en otras colonias.

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
  • 37
    View loans »
    Mexico Loans Fundraising
  • $19,077,825
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Bugambilias Group's $2,900 loan helped a member to buy more sheets and electronic appliances to have greater merchandise variety.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 13, 2012
Currency Exchange Loss:
Possible
Ended:
May 15, 2012