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Productoras Del Oriente Group
In this Group: Reina David, Juana, Eulalia , Leonila , Dolores Olivia , Catalina
This solidarity group is named Productoras del Oriente. It is made up of Reina David, who is going to buy chicken wholesale and spice mix; Juana, who is going to buy shoes; Eulalia, who is going to buy flour and coloring to make "obleas" [thin wafer sandwiches filled with caramel]; Leonila, who is going to buy gumdrops, icepops, and peanuts; Dolores Olivia, who is going to buy pig feed; and Catalina, who is going to buy corn to make tortillas.

Eulalia, 39, is a single mother with four children, one girl and three boys. The girl and one boy are in elementary school, and the two older boys already work. She makes obleas to sell. She requested the loan to buy flour, sugar, coloring, oil, plastic bags, and packing tape to produce the obleas.

She began her business six years ago. As part of a project she was given the raw materials and an oblea machine. Her business is important because it is where she gets the money to eat, to give her children breakfast, and to pay the school expenses. She is proud to have her business in her house. She works and can attend to her children.

Her dreams and hopes are to expand her business, to buy another oblea machine, and for her children to be well. She is happy about the loan she is going to receive. She is going to buy the ingredients to continue working and making more obleas.

The members of the group are grateful to Kiva and Fundación Realidad. Thanks to their loans they continue working in their businesses.
View original language description ↓
Este grupo solidario se llama Productoras del Oriente está conformado por la señora Reina David va a comprar con su préstamo pollo por mayoreo y recaudos, la señora Juana va a comprar zapatos, la señora Eulalia va a comprar harina, colorantes para elaborar obleas, la señora Leonila va a comprar gomitas, paletas, cacahuates, la señora Dolores Olivia va a comprar alimento para engordar cerdos, la señora Catalina va a comprar maíz para elaborar tortillas. La señora Eulalia tiene 39 años de edad, ella es madre soltera con 4 hijos 1 mujer y 3 varones, la niña estudia la primaria, un varón estudia la primaria y 2 varones mayores de edad ya trabajan, ella elabora obleas para su venta, ella solicito su préstamo para comprar harina, azúcar, colores, aceite, bolsas de plástico, cinta canela para elaborar obleas, ella inicio su negocio hace 6 años lo inicio por un proyecto le dieron la materia prima y 1 máquina para hacer obleas, su negocio es importante porque de ahí saca para comer, para darle a sus hijos para el desayuno y para los gastos de la escuela, ella se siente orgullosa de tener su negocio en su casa trabaja y puede atender a sus hijos, sus sueños y esperanzas son ampliar su negocio comprar otra máquina de obleas y que sus hijos estén bien. Ella este Félix con el préstamo que va a recibir va a comprar la materia prima para seguir trabajando y producir más obleas. Las integrantes del grupo le dan las gracias a Kiva y a Fundación Realidad, gracias a sus préstamos siguen trabajando 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

  • $15,600
    Average annual income
  • 15
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 12.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Productoras Del Oriente Group's $1,900 loan helped a member to buy flour, sugar, oil, coloring, plastic bags, and packing tape.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Apr 15, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 31, 2012