Barrio Nuevo Huictepec Group
The story is about Aurea, age 61. She is a single mother of six children, who are now all married. She has devoted herself to making and selling bread for over 20 years. She decided to start with this business because her mother devoted herself to this business activity. Her mother was the one who taught her.
Also, she wanted to look for a way to get her children ahead and improve her family’s quality of life. She will use the loan she received to buy more ingredients like eggs, lard, sugar, flour, yeast, and cinnamon, etc. This way she will continue making her delicious bread.
Aurea says she is very happy because her business is going very well for her. Her sales have increased quite a lot as well as her customers and income. They have increased so much that she is even saving in order to assure her financial future.
The goal that she has for her business is to continue investing because she wants to make it grow more. She is thinking of building another oven in order to accelerate her production and to make it easier. This way she will improve and increase her income.
She is very grateful to the Fundación Realidad and the Kiva lenders for the whole-hearted support they are giving her. Thanks to this help she has improved her quality of life and that of her family.
These are the names of the people and the business activities of the members of the group. Ofelia, Victoriana, Aurea, Cecilia, and Eulogia devote themselves to different business activities like groceries, selling food, embroidery, and a bakery.
Ella decidió iniciar con este negocio porque su mama se dedicaba a esta actividad y fue ella quien le enseño, también porque quería buscar la manera de sacar a sus hijos adelante y mejorar la calidad de vida de su familia, el préstamo que recibió lo va a invertir en la compra de más material como son: huevos, manteca, azúcar, harina, levadura, canela, etc. Y así continuar elaborando su rico pan.
Doña aurea está muy contenta porque dice que le esta yendo muy bien con su negocio, ya que sus ventas han incrementado bastante al igual que sus clientes e ingresos, tanto que hasta está ahorrando para asegurar su futuro económico.
La meta que tiene para su negocio es la de continuar invirtiéndole ya que quiere hacer crecer mucho mas, está pensando en construir otro horno para agilizar y contar con una ágil producción y así mejorar e incrementar sus ganancias.
Esta muy agradecida con fundación realidad y los prestatatarios de kiva por el apoyo incondicional que le están brindando, ya que gracias a esta ayuda ha mejorado su calidad de vida y la de su familia.
Estos son los nombres de las personas y las actividades a las que se dedican cada una de las integrantes del grupo.
Ofelia, victoriana, aurea, Cecilia y eulogia quienes se dedican a diferentes actividades como son: abarrotes, venta de comida, bordados, y panadería.
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.
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Success!! The loan was 100% repaid