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Va Group
In this Group: Pascuala, Petrona, Julia, Teresa Maria
View original language description ↓
Pascuala would like to set up a general store in her house because she lives 30 minutes from the nearest town, there are no stores in her community, and there are hardly any cars for transportation. With this loan, she would like to purchase rice, sugar, cooking oil, cookies, soft drinks, pasta, etc. She is a 44-year-old mother of 3 children, whom she will be able to better support once her business is in place. The other members of the group are Petrona H. H. and Julia Herandez H., who both sell fruits and vegetables, and Teresa Maria Pérez H., who is an artisan.

Translated from Spanish by Elizabeth Casian, Kiva Volunteer.


PASCUALA QUIERE INSTALAR UNA TIENDA DE ABARROTES EN SU CASA YA QUE VIVE A 30 MINUTOS DEL PUEBLO MAS CERCANO Y EN SU LOCALIDAD NO HAY TIENDAS Y CASI NUNCA HAY CARROS PARA VIAJAR, CON EL CREDITO LE GUSTARIA COMPRAR, ARROZ, AZUCAR, ACEITE, GALLETAS, REFRESCOS, PASTAS, ETC. ELLA TIENE 44 AÑOS, 3 HIJOS, A LOS QUE CON LA INSTALACION DEL NEGOCIO PODRA MANTENER MEJOR ,LAS OTRAS INTEGRANTES DEL GRUPO SON PETRONA H. H., JULIA H. H. LAS CUALES SE DEDICAN A VENDER FRUTAS Y VERDURAS Y TERESA MARIA PÉREZ H. QUE ES ARTESANA.

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
  • 4
    View loans »
    Mexico Loans Fundraising
  • $17,308,100
    Funds lent in using Kiva
  • 10.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Va Group's $750 loan helped a member purchase of more goods (rice, cooking oil, soft drinks, etc.).
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 30, 2008
Listed
Mar 14, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2009