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La Piramide Group
In this Group: Elia, Patricia, Luis, Fidel
Luis is 23 years old; he is a part of the Pyramid communal bank and says it is named like that because the neighborhood is located near the Zirahuato archeological area where there are store pyramids. He is originally from San Felipe de los Alzati and the main source of work is growing poinsettia’s and is the main producer at a national level when it is sold during the Christmas season. Luis for over 5 years has sold women’s accessories like costume jewelry, perfumes, cloth handbags, hair bands, combs, barrettes, bracelets, necklaces, rings, nail polish, makeup, etc. He says that he sells his items in different open markets all week everyday and everything that he sells is bought in the capital since they have lower prices and he can earn more. At present, he needs a loan to buy belts and wallets for men since father’s day is approaching and people are looking for gifts. Luis says that if you give him a loan he will be very happy since he will have a better merchandize in stock.

The other three members of the group are Elia, Patricia and Fidel; they will use their loans to buy decorative flowers, merchandize for a small grocery store, materials for the poinsettia’s and other flowers.

View original language description ↓
Luis tiene 23 años de edad, el es parte del grupo la Pirámide y dice que le pusieron así al grupo porque muy cerca de su comunidad se encuentra la zona arqueológica de Zirahuato y hay pirámides de piedra. El es originario de la localidad llamada San Felipe de los Alzati donde la principal fuente de empleo es el cultivo de flor de noche buena ya que es el principal productor a nivel nacional de este tipo de flor que es vendida en los meses navideños. Luis se dedica desde hace mas de 5 años a la venta de artículos para dama como bisutería, perfumería, bolsas de tela, diademas, peinetas, pasadores, pulseras, collares, anillos, pinturas para uñas, maquillajes etc. Platica que todo eso lo vende en diferentes tianguis toda la semana cada día en un lugar diferente, y dice que todo lo que vende va a la capital del país a surtirse de artículos para vender y dice que va allá por que le dan precios más bajos y así el le puede ganar algo. El ahorita está pidiendo un crédito por que quiere surtir cinturones y carteras para caballero ya que próximamente en el país se festeja el día del padre y así le compren a él los regalos para los papas. Platica que si le dan el crédito él estará muy contento ya que tendrá mejor surtido su puesto.

Los otros tres integrantes del grupo se llaman Elia, Patricia y Fidel. ellos invertirán sus créditos en la compra de flores de ornato para su venta, en artículos de tienda de abarrotes para surtir local, insumos para cultico de flores de noche buena y de ornato.

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
  • 3
    View loans »
    Mexico Loans Fundraising
  • $17,739,950
    Funds lent in using Kiva
  • 14.0
    Mexico Pesos (MXN) = $1 USD
Expired
A portion of La Piramide Group's $2,575 loan helped a member buy belts and wallets for men since father’s day is approaching.
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 25, 2012
Listed
May 31, 2012
Currency Exchange Loss:
Possible
Expired:
Jun 30, 2012