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El Valerio Group
In this Group: Concepción , María , Concepción , Celedonia , Mariela , María
The El Valerio communal bank is comprised of six members. They are all very responsible women who devote all of their efforts towards their families being okay financially. They chose the name of the group, Valerio, for the place where they live. It is a large community, which is devoted to growing corn. The people in this place are sad because there was a recent frost that burned the corn crop. They believe they will not recover, and it is even worse if it does not rain.

María is a member of the group. She has been in a common-law marriage with Basilio for 15 years. He works in the field. Together they have formed a family of five children who are still dependent upon them. Four of the children go to school.

María buys and sells clothes. During the week she visits her neighbors to offer them a little clothing that she has. She also takes orders that she will bring from the capital on the week-ends. She is a very hard-working woman who wants her children’s quality of life to improve.

This time she has requested a loan to buy more wholesale clothes like sweaters, pants, jackets, skirts, and shirts, etc. This is to cover the pending orders that she has. The loan will help her stock up on more clothes, and she will have more income. When the loan comes she will take advantage of it to stock up, and this way she will not need to travel to Mexico City.

María would like to have a car for transportation to other communities in order to sell clothes. However, she would also love to rent a place to have a stable business and no longer have to walk. She knows that the rent is very expensive, and she tells us that she has to work a lot more to be able to have a place.

Her income helps her a lot because she can stock more clothes, she is able to buy clothes, shoes, food, and more than anything, pay the educational expenses. This is a big help when her husband does not have work. She helps him with the income from her clothing sales.

María and the rest of the group are very grateful for the support from Kiva and Vision Fund (FRAC). They can now invest in their business activities. Mariel will invest in clothes, María, in sheep; Concepción in feed for her calves; Celedonia also in calves; and Concepción in clothes and cosmetics.

They are all very happy because of the loan, and they are committed to remain in good standing with the institution and Kiva.
View original language description ↓
El grupo “EL Valerio” está conformado por seis integrantes todas son mujeres muy responsables que se dedican todos sus esfuerzo para que sus familias estén bien económicamente el nombre del grupo Valerio lo eligieron ellas por el lugar donde vive es una comunidad grande en la que se dedican la cultivo de maíz aunque la gente de ese lugar esta triste ya que días pasados cayo una helada y quemo el cultivo de maíz creen que ya no se recupere y menos si no llueve.
La señora María quien es una integrante del grupo vive en unión libre desde hace 15 años con el señor Basilio el cual trabaja en el campo juntos han formado una familia de 5 hijos que aun dependen de ellos cuatro de ellos van a la escuela bueno Doña María se dedica a la compra y venta de ropa ella lo que hace en la semana visitas a sus vecinas para ofrecerles un poco de ropa que tiene o también les toma pedidos para que el fin de semana se los traiga desde la capital, es una mujer muy trabajadora ya que quiere que la calidad de vida de sus hijos mejores, esta vez ha solicitado el crédito para comprar mas ropa en mayoreo como suéteres, pantalones, chamarras, faldas, camisas etc. Esto para cubrir pedidos que tiene pendientes el crédito le beneficiara para surtir de mas ropa y sus ganancias sean más cuando le llega el crédito aprovecha para surtir y así no tiene que viajar a la ciudad de México.
Lo que Doña María le gustaría tener un carro para trasportarse a otras comunidades para vender la ropa que vende pero también le encantaría rentar un local para tener un negocio estable y ya no tener que caminar. Aunque sabe que las rentas están muy caras, así que nos cuenta que tiene que trabajar mucho más para poder llegar a tener su local.
Sus ganancias le ayudan de mucho ya que puede surtirse de más ropa, puede comprarle ropa, zapatos, comida y más que nada gastos para su educación y es de gran ayuda ya que cuando su esposo no tiene trabajo ella lo ayuda con sus ganancias de la venta de su ropa.
Doña María y el resto del grupo están muy agradecidos con el apoyo de Kiva y Vision Fund (FRAC) ya que podrán invertir en sus actividades, las demás integrantes son: Doña Mariela, invertirá en ropa; Doña María, en borregos; Doña Concepción, en alimento para sus becerros; Doña Celedonia, también en becerros; Concepción, en ropa y cosméticos. Todas están muy contentas ya que iniciaron el crédito y están comprometidos con la institución y Kiva para no quedar mal.

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
  • 9
    View loans »
    Mexico Loans Fundraising
  • $18,118,725
    Funds lent in using Kiva
  • 13.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Valerio Group's $4,400 loan helped a member to buy clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 16, 2012
Listed
Jun 4, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012