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Cony Group
In this Group: Aida Aracely, Blanca Aracely*, Cecilia, Dominga , Elizabeth, Elvira, Ericka Guadalupe, Glady Lizeth, Ma Guadalupe
* not pictured
The group Cony is made up of 9 women who are friends and neighbors, and all of whom want to grow and develop their businesses. They decided to start this group to get ahead and generate income, since each of them have personal and life goals they wish to attain.

Ma Guadalupe is one of the group members, and she operates a new and used clothing sales business that she attends to during the week. On the weekends, she sells hamburgers. Ma Guadalupe has three children who are her motivation for working hard, since she wants to give them nothing but the best. With her children in mind, she decided to join the group, since her business needed an investment to continue in its operations. She plans to use the support from this loan to purchase a cart to improve and facilitate her hamburger sales business.
View original language description ↓
Cony, es un grupo de 9 personas (amigas y vecinas) a las cuales les interesa mucho hacer crecer su negocio, por lo cual decidieron formar dicho grupo para que cada una de sus integrantes saliera adelante con sus negocios, ya que cada una de ellas tienen diferentes metas que les gustaría cumplir.
Ma. Guadalupe es una de ellas, quien tiene un negocio de venta de ropa nueva- usada en mercados y hamburguesas los fines de semana. Ma. Guadalupe tiene tres hijos a los cuales les quiere dar lo mejor por tal motivo decidió entrar en el grupo ya que su negocio necesitaba una inversión para poder tener mayores ingresos; el crédito lo utilizara para comprar un carrito para poder vender sus hamburguesas de manera mas fácil.

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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $17,999,600
    Funds lent in using Kiva
  • 13.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cony Group's $4,500 loan helped a member to purchase a cart to improve her hamburger sales business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012