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Biznaga (Flat) Group
In this Group: Blanca Flor , Saúl , Araceli , José María
The communal bank is called Biznaga and is made up of four people, two women and two men who sell fruits and vegetables individually in an area called Miguel Hidalgo.

Blanca Flor is a widow and has seven children who are all married, she is a grandmother to twenty grandchildren who make her very happy.

She needs a loan to buy and sell ground coffee since she also accompanies her grandchildren and daughter to sell fruits and vegetables. She has had her business for four years and is doing well; it has allowed her to get ahead.

Blanca Flor began her work when she was alone and decided to get a job that would give her an income to help her have a better life.

She wishes to see her business grow and the loan will help her keep working until God gives her life.

The people who are part of the communal bank are Saúl, he will buy fruits and vegetables, Araceli will buy pepper to sell later on by the kilogram and Don José María who will buy fabrics to make clothing.

View original language description ↓

El grupo se llama Biznaga y se integra de cuatro personas dos señoras y dos señores quien cada uno se encarga de vender frutas y verduras y viven en un lugar llamado Miguel Hidalgo.

Quien se le tomo la entrevista se llama Blanca Flor quien es viuda, y en total tuvo siete hijos quienes ya todos están casados y es abuela de veinte nietos que la hacen feliz.

Ella solicito el préstamo para invertirlo en la compra y venta de café molido en la que también acompaña a sus nietos y su hija a vender frutas y verduras en la que comenta que le va bien ya que con ello ha estado trabajando cuatro años y le va bien ya que con ello ha estado saliendo adelante.

En esta actividad inicio ya que se quedo sola y decidido dedicarse a una actividad que le deje ingresos y así seguirá delante.

Lo que desea es que con esta pequeña actividad y el préstamo siga trabajando hasta que dios le preste vida.

Las persona que integran en el grupo son: Saúl, quien invertirá en la compra de frutas y verduras; Araceli, en la compra de pimenta para luego venderla por kilo y don José María, en la compra de telas para elaborar ropa.

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
  • 14
    View loans »
    Mexico Loans Fundraising
  • $18,557,900
    Funds lent in using Kiva
  • 14.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Biznaga (Flat) Group's $1,950 loan helped a member buy and sell ground coffee.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2012
Listed
May 31, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012