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El Laurel Group
In this Group: Paula Elvia, Elizbeth Herlinda, Patricia , Diana , Yanely
This mutually supportive group is called 'El Laurel'. It consists of Paula Elvia, Diana and Yanely, who are going to buy flour, paint, oil, bags, Scotch tape, paper and boxes with their loan. Elizabeth Herlinda is going to buy obleas [wafers], Patricia is going to buy amaranth, sugar, tamarind and peanuts.

Patricia is 27 years old. She is married and has two sons who study, one at primary school and the other at preschool. She sells typical sweets and peanuts. She is requesting a loan to buy tamarind, sugar, peanut beans, brown sugar, honey and a part will be used to buy doors for her house. She sells peanut and amaranth palanquetas, jamoncillos, comates, tamarindos and obleas, typical Mexican sweets. She started her business seven years ago. Her parents-in-law make a living making sweets and they showed her how to make sweets. Her business is important as from it she provides for her sons education. She goes out to fairs and town squares to sells her sweets to visitors and pilgrims. Her husband helps her in the business as he also knows how to make sweets. She uses her profit to invest in buying supplies and food.

Her dreams and hopes are to continue working selling peanuts and to build a house for her children. The members of this group want to thank Kiva and Fundación Realidad: "Thank you for supporting us with your loans, they help us to continue working and extending our businesses".
View original language description ↓
Este grupo solidario se llama El laurel, está conformado por las señoras Paula Elvia, Diana y Yanely van a comprar con su préstamo harina, pintura, aceite, bolsa, diurex, papel, cajas, la señora Elizbeth Herlinda va a comprar obleas, la señora Patricia va a comprar amaranto, azúcar, tamarindo, cacahuate. La señora Patricia tiene 27 años de edad, ella es casada, ella tiene 2 hijos varones que estudian uno la primaria y el pequeño en preescolar, ella vende dulces típicos y cacahuate, ella solicito su préstamo para comprar tamarindo, azúcar, cacahuate en grano, piloncillo, miel y una parte para comprar las puertas de su casa, ella vende palanquetas de cacahuate y amaranto, jamoncillos, camotes, tamarindos, obleas, ella inicio su negocio hace 7 años los papas de su esposo se dedican a elaborar dulces y ellos la enseñaron a elaborar el dulce, su negocio es importante porque de ahí va saliendo para los estudios de sus hijos, ella sale a las ferias y plazas a vender sus dulces con los visitantes y peregrinos, su esposo le ayuda en el negocio también sabe elaborar los dulces. Ella utiliza las ganancias para volver a comprar la materia prima y para la comida. Sus sueños y esperanzas son seguir en el trabajo de venta de cacahuate y construir una casa para sus hijos. Los integrantes del grupo quieren decirle a Kiva y a Fundación Realidad “gracias por apoyarnos con sus préstamos nos ayudan a seguir trabajando y creciendo en 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

  • $11,249
    Average annual income
  • 11
    View loans »
    Mexico Loans Fundraising
  • $17,541,650
    Funds lent in using Kiva
  • 12.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Laurel Group's $2,750 loan helped a member to buy tamarind, sugar, peanut beans, brown sugar and honey to make sweets.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2012
Listed
Mar 8, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012