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El Mimbre Group
In this Group: Irene , Cesaria , María Juana, Leonardo , Cesárea , Josefina , Eulalia , Modesta , María Josefina
El Mimbre Group is located in the center of San Pedro El Alto, but to get to the group's house you have to arrive on foot and it is very tiring because you have to travel a very long way. They chose the name of the group because it is the name of the neighborhood where the members live. In this community the biggest celebrations are on 31 December and 1 January, when they celebrate the arrival of the new year.

The group is made up of very happy people who are grateful to the institution. They are eight women and one man. All of them have requested the loan to use in their businesses. Irene will invest in her merchandise and María Juana in a grocery store. Cesárea will buy lambs. Josefina will invest in taxi repairs for her husband. Eulalia will buy plastic goods to sell. Modesta will buy scouring pads (cleaning products) to sell. María Josefina will invest in costume jewelry and Leonardo in groceries, seeds, fruits, and vegetables.

Cesaria, who is the representative of the group, is 54 years old and has been married to Demetrio for 30 years. They had a family together but at the moment no longer have dependents, although they are supporting a grandson in his studies, Yosmar, who is in fourth grade.

Cesaria has had a grocery store for 20 years. Up to now it has not had a name, but she is thinking about giving it one. Cesaria says she began selling candy in her house and later thought about opening her grocery store. The difficulty that comes up is the competition in the area where she lives. She does not get discouraged, though, because new stores are constantly opening but later end up closing.

Cesaria has been working with the institution for a long time now. This time she requested the loan to supply her grocery store; she will buy candy, soap, milk, eggs, bread, etc.

The loan has helped her a lot because she can buy enough merchandise for two or three months. She is very grateful because her quality of life has improved with her profits, and this was one of her goals. She invests her profits in the household expenses and on her grandson's education, among other things.

She and the group in general are very grateful for the loan granted because it will be very helpful to invest in their businesses.
View original language description ↓
El grupo “El Mimbre” está ubicado en el centro de San Pedro El Alto, pero para llegar a la casa del grupo es necesario llegar caminando y es muy casado, ya que hay que recorrer una vereda muy larga. El nombre del grupo se eligió porque así se llama el barrio donde viven los integrantes. En dicha comunidad, se llevan a cabo las fiestas más grandes el 31 de diciembre y 1° de enero, donde se celebra la llegada del año nuevo.

El grupo está integrado por personas muy alegres y agradecidos con la institución, son ocho mujeres y un hombre. Todos han solicitado el crédito para ocuparlo en sus comercios: Doña Irene invertirá en su mercería, María Juana en una tienda de abarrotes, la señora Cesárea comprara borregos, la señora Josefina invertirá en comprar reparaciones de un taxi para su esposo, la señora Eulalia compara jarcería para sus venta, Doña Modesta comprara fregones (productos de limpieza) para su venta, María Josefina invertirá en accesorios de fantasía, Don Leonardo invertirá en abarrotes, semillas, frutas y legumbres.

Doña Cesaria quien es la represente del grupo, tiene 54 años de edad, está casada con el señor Demetrio desde hace 30 años, juntos formaron una familia pero por el momento ya no tienen dependientes aunque están apoyando a nieto con sus estudios: Yosmar quien estudia el cuarto grado de primaria.

Doña Cesaria tiene una tienda de abarrotes desde hace 20 años hasta ahora no tiene nombre pero esta pensando en ponerle uno. Cesaria ya lleva un largo periodo trabajando con la institución. Esta vez solicitó el crédito para surtir su tienda de abarrotes; comprara dulces, jabón, leche, huevo, pan etc. Cesaria comenta que inicio vendiendo dulces en su casa y después pensó en iniciar su tienda de abarrotes. La dificultad que presenta es la competencia que tiene en el lugar donde vive, pero no se desanima ya que continuamente abren muchas tiendas que al final terminan cerrando. el crédito le ha ayudado de mucho ya que puede comprar mercancía suficiente para dos o tres meses. Está muy agradecida ya que con sus ganancias, su calidad de vida ha mejorado y esa era una de sus metas. Las ganancias las invierte en los gastos del hogar y para la educación de su nieto entre otras cosas.

Ella y el grupo en general están muy agradecidos con el préstamo otorgado ya que será de gran ayuda para invertir en sus negocios.

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
  • 21
    View loans »
    Mexico Loans Fundraising
  • $18,615,650
    Funds lent in using Kiva
  • 14.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Mimbre Group's $7,150 loan helped a member to buy canned goods, milk, bread, eggs, soda, etc.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2012
Listed
May 31, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 2, 2012