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Flor De Amaranto Group
In this Group: Senorina , Francisca Faustina, Diana Ivonne, Alejandro, Filadelfa Sabina
This group is called 'Flor de Amaranto'. Senorina, Francisca Faustina, Diana Ivonne and Alejandro will use their loan to buy flour, oil, paint, bags and ribbon. Fidelfa Sabina will buy wafers and bags.

Francisca Faustina is 53 years old, separated, and has ten children: four daughters and six sons. Only two of her sons are currently in school: one is in high school and the other attends a CBTA (agriculture-based educational institution). Francisca Faustina makes and sells wafers. She requested this loan to buy flour, paint, oil, ribbon, cinnamon and bags so that she can stock up with raw materials and have enough to continue working with. She is happy with the loan that she will receive as she will stock up with raw materials and have enough stored up so that she can continue making her wafers. The members of this group would like to say to Kiva and Fundación Realidad: "Thank you for the loans. Thanks to you, we are making progress in our businesses. Please keep helping us with your loans.

Francisca Faustina started her business five years ago as she watched and learned how to make wafers. Her first lot of wafers were spoiled as they didn't want to come out. Her business is important because she does well selling wafers. She makes enough income to pay for food and cover the expenses of her children who are still in school. She feels proud having her own business. She is well known by her customers who come to her house to buy her wafers. Her hopes and dreams are to get ahead in life and to build a workshop. She also wants the best for her children. She would like them to study for a degree and find good jobs.
View original language description ↓
Este grupo solidario se llama Flor de Amaranto, está conformado por la señoras Senorina, Francisca Faustina, Diana Ivonne y el señor Alejandro van a comprar con su préstamo harina, aceite, pintura, bolsa, cinta, la señora Filadelfa Sabina va a comprar Obleas y bolsa. La señora Francisca Faustina tiene 53 años de edad, ella es separada, ella tiene 10 hijos, 4 mujeres y 6 varones solo estudian 2 varones uno en la secundaria y el otro en el CBTA, ella elabora Obleas para su venta, ella solicito su préstamo para comprar harina, pintura, aceite, cinta canela y bolsas para surtirse de la materia prima y tener para ir trabajando, ella está feliz con el préstamo que va a recibir se va a surtir de materia prima para tener almacenado e ir trabajando la oblea. Las integrantes del grupo quieren decirle a Kiva y a Fundación Realidad “les damos las gracias por sus préstamos gracias a ustedes vamos saliendo adelante con los negocios y que nos sigan ayudando con sus préstamos. Ella inicio su negocio hace 5 años viendo como elaboraban las obleas y echando a perder la primera producción ya que no querían salir las obleas, su negocio es importante porque le va bien en la venta de obles y tiene ingresos para la comida y para los gastos de sus hijos que estan estudiando, ella se siente orgullosa de tener su negocio ya es conocido por sus clientes vienen por las obleas hasta su casa. Sus sueños y esperanzas son salir adelante y progresar construir su taller y lo mejor para sus hijos que estudien una carrera y tengan un buen trabajo.

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
  • 8
    View loans »
    Mexico Loans Fundraising
  • $17,541,650
    Funds lent in using Kiva
  • 13.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Amaranto Group's $2,925 loan helped a member to buy flour, paint, oil, ribbon, cinnamon and bags for making wafers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2012
Listed
May 28, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 29, 2012