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Cuautomatitla Group
In this Group: Emiliana, Josefa, Francisca, Juana , Flaviana, Gemma, Clara, Carlos, Petra, Maria Isabel, Nicolasa, Virginia, Roberta, Sahara*, Dionisia
* not pictured

Update on Cuautomatitla Group

The new members are Nicolasa, who is going to buy flowers with her loan, Virginia, who is going to buy cold cuts, beverages, and mayonnaise, Roberta, who is going to buy pears and avocados, and Sahara, who is going to buy sugar, oil and beverages. The other members continue in the activities that they have been doing. Josefa is 44 years old, married and has 7 children, 4 girls and 3 boys. Her sons are married and 1 of her daughters is in preschool, another in elementary school and the another in high school. She has a small grocery store and has asked for her loan to buy merchandise such as sugar, oil, rice, eggs, beverages, chips, soap, brooms, etc. She started her business 14 years ago out of necessity, to make more money. She started small selling a few beverages and bread and grew little by little. Her business is important because it helps with the household expenses. She is proud to have her own business and she likes to sell, serving her customers in a friendly way so they return to her business. She uses the earnings to re-invest and for the expenses for her daughters who are in school. She is happy with the loan that she is going to receive and she is going to buy merchandise for her small grocery store so she can offer better service to her customers. Her hopes and dreams are to have another business selling clothes and for her children to have their own business as well. The members of the group want to tell Kiva and the Fundación Realidad “we thank you for trusting us, since without knowning us you lend to us. Thanks to you we have been able to make our businesses grow and live better with our families."
View original language description ↓
Las nuevas integrantes son la señora Nicolasa va a comprar con su prestamo flores, la señora Virginia va a comprar carnes frias, refrescos, mayonesa, la señora Roberta va a comprar peras y aguate, la señora Sahara va a compra azucar, aceite y refrescos, los otros integrantes siguen en la actividad que vienen desarrollando. La señora Josefa tiene 44 años de edad, ella es casada, ella tiene 7 hijos, 4 mujeres y 3 varones los hombres son casados, estan estudiando 3 niñas una la primaria, otra la secundaria y la pequeña preescolar, ella tiene una tienda de abarrotes, ella solicito su préstamo para comprar mercancías como azúcar, aceite, arroz, huevo, refrescos, sabritas, jabón, escobas, etc. Ella inicio su negocio hace 14 años, por necesidad, para ganar más, ella inicio con poquito vendiendo refrescos y pan y fue subiendo poco a poco, su negocio es importante porque le ayuda en los gastos del hogar, ella se siente orgullosa de tener su propio negocio, a ella le gusta vender atender amablemente a sus clientes para que regresen a su negocio, ella utiliza las ganancias para volver a invertir y para los gastos de sus hijas que están estudiando, ella está feliz con el préstamo que va a recibir va a comprar mercancía para su tienda de abarrotes y así dar mejor servicio al cliente. Sus sueños y esperanzas son tener otro negocio de ropa y que sus hijos también logren tener su propio negocio. Los integrantes del grupo quieren decirle a Kiva y a Fundación Realidad “les damos las gracias por confiar en nosotros ya que sin conocernos nos prestan, gracias a ustedes logramos crecer los negocios y vivir mejor con la familia".

Previous Loan Details

This solidarity group is called "Cuautomatitla", and is made up of the following members: Elia will use her loan to buy corn by the load. Emiliana and Flaviana are going to buy fruits, nuts, peaches, tejocote (hawthorn), and pears by the case. Josefa, Juana and María Isabel are going to ... More from Cuautomatitla Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 0
    View loans »
    Mexico Loans Fundraising
  • $17,775,800
    Funds lent in using Kiva
  • 13.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cuautomatitla Group's $5,325 loan helped a member to buy sugar, oil, rice, eggs, beverages, soups, chips, soap, shampoo, toilet paper.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
May 19, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 31, 2012