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El Arroyo (Flat) Group
In this Group: Gabriel , Esaú, Otilia
This is a new group called El Arroyo which is made up of three people who live in a place called Luis Espinoza.

Gabriel lives in a common law marriage with Flor Magnolia, mother of his 2 children: Marily and Gabriel. He sought the loan to invest in the purchase and sale of cattle, an activity in which he has been working for 4 years and a half. He mentions that this business has been going well for him as he has been supporting his small family with the profits. Gabriel started this activity as he had some savings and he decided to make his money work to make it increase a bit more, along with the support of his wife who makes her living making cakes. What he wants the most that with this activity and the loan, is to continue working and in that way give his children who are growing what they need most.

The people who make up the group are: Esaú, who will invest in his business selling fish and Otilia who will invest in the purchase and sale of cattle.
View original language description ↓
Este es un nuevo grupo llamado El Arroyo; está integrado por tres personas quienes vive en un lugar llamado Luis Espinoza.

Gabriel vive en unión libre con la señora Flor Magnolia, madre de sus 2 hijos: Marily y Gabriel.

Él solicitó el préstamo para invertirlo en la compra y venta de ganado, actividad en la cual lleva trabajando 4 años y medio. Menciona que le ha ido bien en este negocio pues con las ganancias ha estado sosteniendo a su pequeña familia. Gabriel inició esta actividad ya que tenía algunos ahorros y decidió hacer trabajar su dinero para así incrementarlo un poco más junto con la ayuda de su esposa quien se dedica a hacer pasteles. Lo que más desea es que con su actividad y el préstamo, pueda seguir trabajando y así poder darle lo más necesario a sus pequeños que están creciendo.

Quienes integran en el grupo son: Esaú, quien invertirá en su negocio de venta de pescado y la señora Otilia quien invertirá en la compra y venta de ganado.

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

  • $15,600
    Average annual income
  • 37
    View loans »
    Mexico Loans Fundraising
  • $19,089,875
    Funds lent in using Kiva
  • 14.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Arroyo (Flat) Group's $1,700 loan helped a member to pay for the purchase of cattle.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 1, 2012
Listed
Jun 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 19, 2013