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La Escondida Group
In this Group: Raymundo , Isidro , Lorenzo , Félix, Eugenio , Guadalupe , Agueda, Armanda , Valeria , Marcela
The “La Escondida” (The Hidden One) group is from the community of San Agustín. People in this community are very hardworking and kind because it’s found alongside a highway. The group has ten members: Raymundo sells soft-drinks, Isidro sells shoes, Lorenzo grows corn, Félix works in construction, Eugenio is a carpenter, Guadalupe sells cosmetics, Águeda sells shoes, Amanda sells fast-food snacks, Valeria sells cakes and Marcela sells soft-drinks.

Eugenio is 46-years-old, single and relates that since he did not have the opportunity to attend school his father advised him to learn an occupation that in the future would make it possible for him to get ahead and live with dignity. Eugenio learned carpentry and for more than 20 years now has been manufacturing furniture (tables, chairs, armoires and beds). As time has gone by, he’s acquired very good customers and people come looking for him constantly so that he’ll make furniture for them and he does so gladly.

Presently, he’s very happy because this occupation has not only given him the wherewithal to earn money but also has led to his getting to know people and to establish good friendships with them. With this loan he will be able to buy lumber to continue with his activity.

He said: “Thank you for the opportunity you give us with these loans to improve our businesses and our family’s lives.” In future, he wants to earn good profits so that he can service his electric tools.
View original language description ↓
El grupo La escondida se encuentra en la comunidad de San Agustín, en esta comunidad la gentes es muy trabajadora y amable, porque se encuentra ubicado a orilla de la carretera. Este grupo está integrado por 10 personas: Raymundo venta de refrescos, Isidro venta de calzado, Lorenzo cultivo de maiz, Félix servicio de albañileria, Eugenio servicio de carpinteria, Guadalupe venta de cosmeticos, Agueda venta de zapatos, Amada venta de antojitos, Valeria venta de pasteles y Marcela venta de refrescos.

Don Eugenio tiene la edad de 46 años y es soltero, el platica que como no tuvo oportunidad de estudiar su padre le aconsejo que aprendiera a desempeñar un oficio el cual en un futuro lo ayudaría a salir adelante y tener una vida digna. Don eugenio aprendió el oficio de la carpinteria y desde hace mas de 20 años se dedica a la elaboración de muebles(mesas, sillas, roperos,camas), con el pasar de los años ha hecho buenos clientes y constantemente la gente va a buscarlo para que les elaboren sus muebles y el con gusto se los hace. El esta muy contento porque este oficio no solo le a dado la oportunidad de ganar dinero sino de conocer gente y hacer buenos amigos. Este crédito le dará la oportunidad de comprar madera para continuar realizando su actividad. El dijo "gracias por la oportunidad que nos dan con estos créditos de mejorar los negocios y las vidas de nuestras familias." El desea a futuro obtener buenas ganancias para poder dar mantenimiento a sus herramientas electricas.

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
  • 8
    View loans »
    Mexico Loans Fundraising
  • $17,362,500
    Funds lent in using Kiva
  • 13.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Escondida Group's $2,900 loan helped a member to buy lumber to manufacture furniture.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 13, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013