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Arcoiris Group
In this Group: Asalia Guadalupe, Maria Teresa, Nancy Elizabeth, Norberta, Patricia Guadalupe, Rocio Angelica, Ruth Elizabeth, Virginia
Arcoiris [Rainbow] is a group made up of 8 hardworking women. They came up with their name because each one contributes a color of commitment to the group so that it works under the system of joint credit.

One of the members, Maria Teresa, is a mother of two. She knew that she had to work in some way without neglecting her responsibilities as a mother to care for her and educate her kids. She wanted to bring in some income, and with some friends began learning the art of beauty and decided to put a salon in her home. She has grown her business mostly by recommendations from her customers, without much advertising. She's convinced that she's on the right path.
View original language description ↓
Arcoiris es un grupo conformado por ocho mujeres trabajadoras. Su nombre lo atribuyen a que cada una aporta un color de compromiso al grupo para que este funcione bajo el esquema de crédito solidario.
Maria Teresa, una de sus integrantes, es madre de dos hijos. Ella sabia que de alguna manera podía trabajar, sin descuidar sus responsabilidades de madre y brindar la educación y cuidado a sus hijos. Deseaba aportar un ingreso al hogar, comenzó a aprender con amistades el arte de la belleza y decidió poner una estética en su casa. Sin mucha publicidad, mas que las recomendaciones de sus clientes, es como ha ido creciendo su negocio.
Ella esta convencida en que va por la ruta correcta.

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
  • 2
    View loans »
    Mexico Loans Fundraising
  • $17,740,600
    Funds lent in using Kiva
  • 13.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Arcoiris Group's $5,750 loan helped a member to invest in beauty products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
Apr 30, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 16, 2012