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Ahuehuete Group
In this Group: Marina De Jesus , Gina Rebeca, Emilia, Esteban

Update on Ahuehuete Group

The members of the group are continuing to carry out the same work as they have been. They are all grateful to Kiva and the Vision Fund (FRAC) for trusting in them; “We are thankful to you for helping us grow our business and support our families.”

Gina Rebeca is 39 and lives in a common-law marriage with her partner, who is a taxi driver. She is the mother of 3 children: 2 females, one of whom is married, and 1 male, who is also married. Gina Rebeca has requested the loan for maintenance on her taxis. She will adjust the engine of one and will service the other: changing the oil, brake lining, and tires. She started her work 16 years ago because some of her acquaintances invited her to be part of a group of taxi drivers, and it seemed like a good idea to her.

Her business is very important because it allows her to earn an income to purchase food, clothes, and shoes; in addition, it gives her the opportunity to save money. Gina Rebeca is known for offering her clients good service. This enterprising woman faces the increased cost of gasoline; nevertheless, she is very happy to receive the loan. With the loan, she will be able to adjust the engine of the taxi so it will be in good condition and can continue offering good service. Her hopes and dreams are that all her family can enjoy good health. She also hopes to continue working so that she can leave the taxi business to her children in the future.
View original language description ↓
Los integrantes del grupo continúan en la misma actividad que que estaban desempeñando. Todos ellos le dan las gracias a Kiva y a Vision Fund (FRAC) por confiar en ellos: ""stamos agradecidos con ustedes por ayudarnos a crecer los negocios y con nuestras familias".

La señora Gina Rebeca tiene 39 años de edad y vive en unión libre con su pareja quien es taxista. Es madre de 3 hijos: 2 mujeres, una de ellas ya está casada, y 1 varón, también casado. Gina Rebeca solicitó su préstamo para darle mantenimiento a sus taxis; a uno le va a ajustar el motor y al otro le va a dar servicio: cambio de aceite, de balatas y de llantas. Ella comenzó su actividad económica hace 16 años porque algunos conocidos la invitaron a formar parte del grupo de taxistas y le pareció una buena idea.

Su negocio es muy importante porque gracias a él obtiene las ganancias para comprar alimento, vestido y calzado; además de que tiene la oportunidad de ahorrar. Gina Rebeca es conocida por brindar un buen servicio a sus clientes. Como mujer emprendedora enfrenta los costos elevados de la gasolina, sin embargo, está muy feliz con el préstamo que va a recibir. Con el dinero prestado podrá ajustar el motor de su taxi para que esté en buenas condiciones y pueda seguir ofreciendo un buen servicio. Sus sueños y esperanzas son que toda su familia goce de buena salud y también seguir trabajando para heredarles a sus hijos el negocio de los taxis en un futuro.

Previous Loan Details

The Ahuehuete group consists of Marina, who plans to use the loan to purchase chips, beverages, eggs, milk and other items; Gina Rebeca, who plans to use it to purchase spare parts for her taxi; Emilia, who plans to purchase flour and soy beans; and Esteban, who plans to purchase beverages, chips... More from Ahuehuete Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $17,999,600
    Funds lent in using Kiva
  • 14.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ahuehuete Group's $4,875 loan helped a member to pay for the maintenance of her taxis: changing oil, brake lining, and tires, and adjusting the engine.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 5, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012