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Invierno Group
In this Group: Teresa, Juana, Gerardo, Imelda, Rosa, Elizabeth, Adela
Gerardo, 46, is from a beautiful, magical place, a place known around the world for the butterflies that come to spend the winter here. Visitors, too, come from far and wide to admire the unparalleled spectacle of millions of monarch butterflies together in one place. Gerardo and his wife, Carmina, have 2 children, both in high school. He tells us that he has operated a bakery business, making a traditional bread, for 3 years. He is happy with the business and says that his customers like his bread and always come back for more. He says that he started the business after he was laid off from the company where he worked before and needed a way to support his family and pay for his children's schooling. His mother suggested that he start a bakery and agreed to show him how to make the traditional bread that is now the mainstay of the business. Gerardo is applying for a loan that he will use to buy supplies--flour, eggs, milk, butter, yeast, firewood, etc.--for making bread. He sells what he makes on the streets of the city and people come out of their houses to buy from him. He is grateful for the loan because it will allow him to buy the supplies that he needs. He says that his goal for the future is to buy a larger oven because the one he has is too small. The other members of the group--Teresa, Juana, Imelda, Rosa, Elizabether and Adela--will invest their share of the loan in their businesses which vary from clothing sales to grocery sales.
View original language description ↓
Gerardo tiene 46 años de edad, y es originario de un mágico lugar lleno de naturaleza donde la principal atracción de su localidad es el santuario de la mariposa monarca y donde año con año arriban miles de visitantes de todo el mundo a admirar un espectáculo de mariposas monarcas sin igual. El está casado con Carmina y tienen 2 hijos los cuales estudian la secundaria. Gerardo dice que se dedica a la elaboración de pan de rancho dice que tiene con este negocio desde hace mas de 3 años y dice que le gusta mucho lo que hace porque hay clientas que le dicen que tiene buen sabor el pan que hace. Dice que emprendió el negocio por que hubo recorte de personal donde trabajaba y para poder mantener su familia su mama le dijo que se dedicara hacer pan y que ella le iba a enseñar cómo hacerlo y decidió hacer el negocio para sacar adelante a sus hijos con sus estudios. Él está pidiendo un crédito para comprar insumos para hacer el pan como harina, huevo, leche, mantequilla, leña, levadura etc. El sale a vender su pan a la calles de su localidad y mucha gente va hasta su casa a comprarle el pan. Dice que el crédito le beneficiara porque tendrá insumos para hacer su pan. La meta que tiene don Gerardo es hacer otro horno ya que el que tiene es pequeño y no puede hacer más rápido el pan es por eso que quiere hacer otro para hacer mas producción de pan de rancho el cual es delicioso. Los otros seis integrantes del grupo se llaman Teresa, Juana, Imelda, Rosa, Elizabeth y Adela ellas invertirán sus créditos en la compra de insumos para hacer pan, material para hacer bordados artesanales para vender, artículos para tienda de abarrotes.

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
  • $18,196,550
    Funds lent in using Kiva
  • 14.0
    Mexico Pesos (MXN) = $1 USD
Expired
A portion of Invierno Group's $3,225 loan helped a member to stock their retail businesses.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 4, 2012