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Luz 4 Group
In this Group: Rosa, Margarita, Claudia Imelda, Julia, Jazmin Candelaria
View original language description ↓
Doña Rosa, as everyone in her neighborhood knows her, is 41-years-old. She learned how to cook when she was very young, and has worked in this business for 5 years. She has an inexpensive, very small kitchen in her home from which she obtains profits to support her two children and to purchase products for her business. With this credit, she expects to buy utensils and merchandise for her business. The other members of the group are: Margarita P. V., who sells food; Claudia Imelda R. P., who makes clothing; and Julia G. G. and Jazmin Candelaria R. P., who sell shoes by catalog.

Translated from Spanish by Tanya Harper, Kiva volunteer


DOÑA ROSA COMO TODOS LA CONOCEN EN SU BARRIO CUENTA CON 41 AÑOS, DESDE MUY PEQUEÑA APRENDIO A COCINAR Y TRABAJO EN ESTE NEGOCIO DESDE HACE 5 AÑOS TIENE UNA COCINA ECONOMICA MUY PEQUEÑA EN SU CASA DE LA QUE OBTIENE GANANCIAS PARA MANTENER A SUS 2 HIJOS Y COMPRAR PRODUCTOS PARA SU NEGOCIO, CON EL CREDITO PRETENDE COMPRAR UTENSILIOS Y MERCANCIA PARA SU NEGOCIO LAS OTRAS INTEGRANTES DEL GRUPO SON. MARGARITA P. V. VENDE COMIDA, CLAUDIA IMELDA R. P., CONFECCIONA ROPA, JULIA G. R. Y JAZMIN CANDELARIA R. P. VENDEN ZAPATOS POR CATALOGO.

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
  • 13
    View loans »
    Mexico Loans Fundraising
  • $19,049,100
    Funds lent in using Kiva
  • 10.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz 4 Group's $1,400 loan helped a member to purchase utensils and merchandise for their businesses.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Mar 31, 2008
Listed
Mar 15, 2008
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2009