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San Sebastian Group
In this Group: Beatriz Alejandra, Elba Marisela, Felipa , Norma Hermelinda, Olga, Yadira Michelai
'San Sebastian' is the name of a Credituyo community bank which is starting its first loan cycle with the institution. The group is made up of six entrepreneurial women who live in Poniente district, in the city of Monterrey. They chose this name because most of the people in the group are neighbors and live in Villas de San Sebastián.

Norma is one of the women in this group. She is 46 years old and married. She and her husband are the parents of a large and united family. She and her husband have always looked after their children's welfare and work hard together. Norma's husband is a plumber and he always helps her a lot when things are going badly in her business. The couple have six children: three sons and three daughters. Most of their children are already married. Only two of the children are still single: one is 18 years old and working and their youngest, who is 10 years old, is in school. Currently, the youngest is the only one who is dependent on them.

Norma has been selling shoes through a catalog and used clothing for two years in different markets. She is taking out this loan so that she can stock up with shoes because they make her good commission. In the future, she would like to stop selling used clothing and start selling new clothing because she says that it sells better than used clothing.
View original language description ↓
San Sebastian es el nombre de un grupo Solidario de Credituyo que está cumpliendo con su primer ciclo en esta institución. Este grupo está compuesto por 6 mujeres emprendedoras que viven en la zona poniente de la ciudad de Monterrey. Ellas escogieron este nombre ya que la mayoría de las personas de este grupo son vecinas y vive en la colonia de Villas de San Sebastián.
Norma es una de las mujeres del grupo. Ella es casada y tiene 46 años. Ella junto con su esposo, son los padres de una familia numerosa y unida. Ella y su esposo siempre se han preocupado por el bienestar de sus hijos y trabajan mucho en conjunto, el esposo es plomero y trabaja por su cuenta y siempre le ayuda mucho a ella cuando le va mal en su negocio. Ellos tienen 6 hijos; 3 hombres y 3 mujeres. La mayoría de sus hijos ya están casados, sólo tiene dos solteros, uno que tiene 18 años y está trabajando y el más pequeño, de 10 años que está estudiando y actualmente es el único que depende de ellos.
Norma tiene 2 años vendiendo zapatos por catálogo y ropa usada en diferentes mercados. Ella ocupa este crédito para poder surtir zapatos ya que ahorita es temporada de graduaciones y tienen una gran cantidad de pedidos pendientes. Ella espera seguir adelante con el negocio de los zapatos ya que le deja muy buenas comisiones. En un futuro ella desea dejar de vender ropa usada y comenzar a comprar ropa nueva ya que menciona que esta se está vendiendo mejor que la ropa usada.

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
  • $19,077,825
    Funds lent in using Kiva
  • 13.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of San Sebastian Group's $2,225 loan helped a member to buy shoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jun 25, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012