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El Rosario Group
In this Group: Juana, Maria, Melita, Marlen
This group is called Rosary. The members chose this name because it is the first that came to their mind. This story is about Mrs. María, since she is the representative of this group. She is 26 years old, married to Dionisio, who is a farmer, and has two children: one in the first-year of preschool and the other in the first-year of elementary. She has a grocery store more than three years now.


She started this business to help with household expenditures and pay for her children's education. She also works to have more income and have a good quality of life. She will use the loan to buy merchandise such as: milk, oil, eggs, sodas, light bulbs, soap, rice, beans, etc.


Mrs. María’s goal is to grow her business and plans on expanding her locale that way it can be well stocked with a larger variety products and that way can increase profits.


She thanks FRAC and Kiva lenders for the loans, offering her opportunities, and giving her the confidence to believe in herself because she will be able to invest in her business, have a better quality of life with her family, and have a brighter future.


These are the people that make up the group Rosario: Juana, María, Melita and Marlen sell jewely, groceries, pots, clothes, and poultry.

View original language description ↓
Este grupo se llama el rosario los integrantes del grupo decidieron ponerle este nombre porque fue lo primero que se les ocurrió, esta historia es acerca del señora María, ya que es la representante de este grupo cuenta con 26 años de edad y está casada con el señor Dionisio, quien es campesino tienen 2 hijos quienes estudian primer año de primaria y primer año de preescolar, ella tiene una pequeña tienda de abarrotes desde hace mas de 3 años.

Dice que decidió iniciar con este negocio, ya que quería buscar la manera de apoyar a su esposo con los gastos de la casa e hijo con sus estudios, y así mismo gozar de una mejor solvencia económica y excelente calidad de vida, el préstamo que recibió lo va a invertir en la compra de mas mercancía como son: leche, aceite, huevos, refrescos, focos, jabón, arroz, frijol, etc.

Doña María dice que la meta tiene es la de hacer que su negocio crezca empresarialmente, ya que está pensando en ampliar su local, para de esta forma tenerlo bien surtido, con más variedad de productos, y así obtener más y mejores ganancias.

Da las gracias a FRAC y a los prestatarios de kiva por darle la oportunidad y confianza, pero sobre todo por creer en ella, ya que gracias a su ayuda pudo invertir en su negocio y asi tener una mejor calidad de vida, junto con su familia y un mejor futuro.

Las personas que conforman el grupo de el rosario son las siguientes: Juana, María, melita y marlen quienes se dedican a la venta de bisutería, abarrotes, alfarería, tienda de ropa y pollería.

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
  • $17,325,200
    Funds lent in using Kiva
  • 14.4
    Mexico Pesos (MXN) = $1 USD
Expired
A portion of El Rosario Group's $2,375 loan helped a member buy milk, oil, eggs, sodas, light bulbs, soap, rice, beans, etc.
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2012
Listed
Jun 5, 2012
Currency Exchange Loss:
Possible
Expired:
Jul 5, 2012