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El Farito Group
In this Group: Maribel, Victor Manuel, Silvia, Elia, Maria Magdalena, Eliodora, Ricarda Rafaela, Marbella, Inocente, Constancio, Jesus Mariano
This group is called “El Farito.” The people who constitute it decided to give it this name because that is the name of the community where they reside. This account is about Sra. Elia since she is one of the members of this group. She is 49 years old, married and has three children of whom only Brandon is studying. He is in the fourth year of primary school, while her older two are married. She has been selling food for five years.

Elia says she started this business because she wanted a way of supporting her children and offering them a better quality of life and this job enabled her to be available to her youngest child. She also wanted to rely on a more stable financial solvency. She will use the loan that she received to purchase ingredients such as lettuce, tomatoes, chiles, onions, mayonnaise, cheese, cream, corn, fish, shrimp, etc. in order to continue her sales.

Elia’s goal is to provide an excellent quality of life and education to her son so that he will have a very good professional career. She also wants to make her business grow much more so much that she is thinking of saving in order to build a place of business to install a restaurant in order to expand and increase her earnings.

Elia thanks Fundación Realidad and Kiva on behalf of herself and her family since, thanks to them, she will be able to improve her life because now she will have an excellent quality of life and financial solvency.

The members of El Farito Communal Bank and the businesses they engage in are the following: Maribel-fish shop, Victor Manuel-clothing store, Silvia-fish shop, Elia-food sales, María Magdalena-fish shop, Eliodora-groceries, Ricarda-food sales, Maribella-butcher’s shop, Inocente-fish shop, Constancio-fish shop and Jesús-pharmacy.
View original language description ↓
Este grupo lleva por nombre "El Farito" las personas que lo conforman decidieron ponerle este nombre, porque así se llama la comunidad donde viven, esta historia es acerca de la señora Elia ya que es una de las integrantes de este grupo, cuenta con 49 años de edad y está casada, tiene 3 hijos de los cuales solo Brandon estudia, cursa cuarto año de primaria, ya que los 2 mayores están casados, ella se dedica a la venta de comida desde hace 5 años.

Dice que decidió iniciar con este negocio porque quería buscar la forma de apoyar a sus hijos y ofrecerles una mejor calidad de vida, aparte de que esta actividad le permite estar al pendiente del menor, también para contar con una solvencia económica más estable, el crédito que recibió lo va usar para invertirlo en la compra de más insumos como son: lechuga, jitomates, chiles, cebollas, mayonesa, queso, crema, maíz, pescados, camarones, etc. para continuar con sus ventas.

La meta que tiene doña Elia es ofrecerle una excelente calidad de vida y educación a su hijo, para que tenga una muy buena carrera profesional, también quiere hacer crecer mucho más su negocio tanto que está pensando en ahorrar para construir un local y poner su restaurante, para mejorar e incrementar sus ganancias.


Doña Elia le da las gracias a nombre de ella y de su familia a Fundación realidad y kiva por que gracias a ellos podrá mejorar su vida, puesto que ahora tendrán una excelente calidad de vida y solvencia económica.

Las integrantes del grupo el farito y las actividades que realizan son las siguientes: Maribel-pescadería, Víctor Manuel-tienda de ropa, Silvia-pescadería, Elia-venta de comida, María magdalena-pescadería, eliodora-abarrotes, Ricarda-venta de comida, Marbella-carnicería, inocente-pescadería, Constancio-pescadería y Jesús-farmacia.

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
  • 22
    View loans »
    Mexico Loans Fundraising
  • $19,050,125
    Funds lent in using Kiva
  • 12.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Farito Group's $6,700 loan helped a member purchase more ingredients such as lettuce, tomatoes, chiles, onions, mayonnaise, cheese, cream, corn, fish, shrimp, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 3, 2012
Listed
Mar 9, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012