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Luz Del Día Group
In this Group: Audelia, Leónides, Josefina, Candelaria, Yolanda
Audelia, 45, is married to Mario, a laborer. They have four children, only one of whom is still a dependent and attends high school. She says that there are four other members of the communal bank “Luz del Día” [Daylight] and that they chose this name because the loan is a light by which the women can slowly grow their businesses. She says that she sells embroidery and has a linen shop. She started the business to help her husband with her daughter's education. Her husband helped her build a little space for her shop. Audelia goes to Mexico City to stock the items she sells: needles, woven cloth, hoops, colored threads, worsted wool, hooks, and so forth.

Audelia is requesting a loan to stock her business and increase her earnings so she can help her husband a little more with the household expenses. The goal she has in mind is to add some stationery, since there isn't a store nearby that offers it. She thanks Vision Fund for the loan. The other members are Leónides, Josefina, Candelaria, and Yolanda. They will use the loan to invest in their businesses: a grocery store, a children's clothing shop, handicraft sales, and servicing small public buses.
View original language description ↓
Doña Audelia tiene 45 años y está casada con el señor Mario el cual es empleado, ellos tienen 4 hijos pero nada más la menor depende de ellos la cual estudia la preparatoria. Dice que entre otras cuatro personas formaron el grupo llamado “Luz del Día” y dice que le pusieron ese nombre porque el crédito es una luz para ellas porque así poco a poco han mejorado sus negocios. Comenta que ella se dedica a la venta de bordados y tiene una tienda de mercería. Platica que ella emprendió su negocio para ayudarle a su esposo con los gastos de la educación de su hija y que su esposo le ayudo a hacer un localito en el cual tiene su negocio. Dice que ella va a la ciudad de México a surtirse del material que vende como agujas, tela (cuadrille), aros, hilos de diferentes colores, estambres, ganchos, etc. Audelia está pidiendo un crédito para surtir su negocio y aumentar sus ganancias para asi apoyar a su esposo un poco mas con los gastos del hogar, dice doña Audelia que la meta que tiene en mente es meterle un poco de papelería ya que cerca de su no negocio no hay una y que esta agradecida por el préstamo que le hará Vision Fund. Las otras cuatro integrantes del grupo se llaman Leónides, Josefina, Candelaria y Yolanda ella invertirán los créditos que les harán en sus negocios como en una tienda de abarrotes, en tienda de ropa para niños, en venta de artesanías y en la reparación y servicio de una combi de transporte público.

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
  • 4
    View loans »
    Mexico Loans Fundraising
  • $17,349,425
    Funds lent in using Kiva
  • 12.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz Del Día Group's $4,400 loan helped a member to stock merchandise and buy needles, woven cloth, hoops, colored threads, worsted wool, hooks, and so forth.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 23, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2013