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Cuauhtémoc Group
In this Group: Dulce María, Raquel, Zerafina, Erika Jazmín, María Guadalupe, Raúl, María Del Carmen, María Guadalupe*, Noemi, Rocío*
* not pictured
Sr. Raúl is 54 years old and single. He says that he is a member of the group called “Cuauhtémoc” and that the name was chosen because it is the street where they meet each week to submit their payments. Raúl says that he has a grocery business located in the house where he has lived for more than 40 years. He says that his father started the business so that their family could get ahead. When his father died, he took charge of the business. Raúl says that he has been managing the front of the store since he was 15 years old. He appreciates the effort his father invested to grow the business that he now maintains with the help of his mother.


Raúl says he is requesting a loan from Vision Fund (FRAC) so that he can buy soap, sugar, milk, coffee, and eggs since he is not stocked with these items. He has not bought much because of the increase in prices, but he needs to have these products in stock since they are basic necessities in Mexico. He will also buy toilet paper, diapers, shampoo, toothpaste, instant soups, bleach, and other products. Raúl says that he buys all of his merchandise from different stores in his village. His goal is to return to having a well-stocked business because he wants to pass this family enterprise on to his nieces and nephews.


The other nine members of the group are Dulce María, Raquel, Zerafina, Erika Jazmín, María Guadalupe, María del Carmen, María Guadalupe, Noemi, and Rocío. They will invest their loans in their various businesses such as buying bread to sell from home, investing in women’s clothing to sell, investing in compost for growing chayote squash to sell, buying different types of perfumes to sell, investing in a public parking lot, buying plastic goods to sell, and selling cosmetics through catalogs.

View original language description ↓
El señor Raúl tiene 54 años de edad y es soltero, dice que el es parte de un grupo llamado “Cuauhtémoc” y dice que le pusieron ese nombre al grupo por que así se llama la calle donde se reúnen semana con semana para hacer sus cobranzas. Dice que él tiene un negocio de abarrotes y lo tiene en su casa desde hace mas de 40 años, dice que su papa fue quien lo puso para poder sacar adelante a su familia y que cuando su papa falleció el se hizo cargo del negocio. Comenta que desde hace como 15 años el está al frente de su negocio y que él lo valora mucho ya que con mucho esfuerzo su papa lo hizo crecer y ahora él quiere mantenerlo y así poder ayudar a su mama. Platica que está pidiendo un crédito a la financiera a Visión Fund para la compra de jabón, azúcar, leche, café, huevo aunque no ha surtido ya que no ha comprado por que se elevo mucho su precio pero tiene que tener en existencia ya que en México es el primer consumidor de este alimento. También comprara papel higiénico, pañales, shampoo, pasta dental, sopas instantáneas, cloro etc. platica que todo eso lo comprara en diferentes tiendas de su población. La meta que tiene don Raúl es volver a tener bien surtido su negocio ya que el quisiera que sus sobrinos nunca dejaran decaer el negocio familiar. Los otros nueve integrantes del grupo se llaman Dulce María, Raquel, Zerafina, Erika Jazmín, María Guadalupe, María del Carmen, María Guadalupe, Noemi y Roció, ellas invertirán en sus diferentes negocios como en compra de pan para después venderlos por las casas, invertir en ropa de dama para vender, invertirlo en abono para cultivo de chayote y después venderlos, comprara en diferentes tipos de perfumes para su venta, invertirá en un estacionamiento público, compraran plásticos para venta, venta de cosméticos por catalogo.

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
  • $17,804,525
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cuauhtémoc Group's $6,100 loan helped a member to buy merchandise to restock his store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2013