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5 De Mayo Group
In this Group: Lorenzo, Reynaldo , Josefa, Lucas, Manuel
This group is called “The Fifth of May”. It is made up of five people who work sewing the finished edges on blankets. They live in a neighborhood called the “Ajilho” neighborhood.
Josefa was selected for this interview. She lives with Mr. Lucas, with whom she has had four children, who are her responsibility. She is asking for this loan in order to buy embroidery supplies in order to embroider blouses and shirts with borders. She has been doing this work for the past twenty-one years. The work is going well. With the income from this work she is able to help her family succeed.
She started this work in order to help her husband with the household expenses. Also it is the type of work that the women do in her community. What she would like to do is to grow her business each day in order to help her family and her husband.
They members of the group are: Lorenzo, who will use the loan to buy blankets, Reynaldo, who will use this loan to buy and sell folk art shirts and blouses, Lucas, who will buy folk crafts, and Manuel, who will make ponchos.
View original language description ↓

El grupo se llama 5 de mayo que se integra de cinco personas quienes se dedican a la bordado de mantas y se ubica en el barrio llamado barrio centro ajilho.

Quine se le tomo la entrevista se llama Josefa quien vive en unión libre con el señor Lucas con quien procreo cuatro hijos quienes esta a su responsabilidad.

Ella solito el préstamo para invertirlo en la compra de matas para elaborar blusas y camisas bordadas en donde lleva trabajando veinte un años en la que comenta que le va bien ya que con ello a estado sacando adelante ha su familia

Inicio con esta actividad para apoyar a su esposo con los ingresos de la casa en donde y ya es trabajo de las señoras que viven en esa comunidad.

Lo que desea es aumentar cada día mas su actividad para seguir adelante con su familia y la ayuda de su esposo.

Quienes integran en el grupo son: Lorenzo quien invertirá en la compra de mantas, Reynaldo invertirá el préstamo en la compra y venta de camisas y blusas artesanales, Lucas invertirá en prendas artesanales y Manuel invertirá en la elaboración de camisas de mantas

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
  • 12.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of 5 De Mayo Group's $4,425 loan helped a member to buy blankets and embroidery thread.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2012
Listed
Apr 10, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012