Check out some available loans that are similar to this one!
Gardenias Group
In this Group: Ricarda, Domitila, Natalia, Gabriela, Enriqueta, Martha, Laura, Sebastiana
Ricarda, 51, is from a town called Macho de Agua, a place rife with natural resources where the main source of employment is artisanal embroidery work and raising sheep. She belongs to a group called “Gardenias” and she says they named it thus because the house they meet in has gardenias and to quickly identify it they gave it that name; besides it’s a very pretty flower.

She relates that she’s had a grocery store for more than 28 years and that she opened it to help her husband with household expenses because there used to be more children to support who at that time were attending school. She also opened a small grocery store because of need; there wasn’t any grocery store where they could buy basic staples for personal use and to eat.

She says that she wants a loan and is asking Visión Fund for it in order to stock the grocery store because she wants to buy soap, eggs, milk, chlorine bleach, fabric softener, beans, rice, tuna, sardines, cookies, toilet paper, disposable diapers, soft-drinks, juices in assorted flavors, etc. She says that she buys all those products in various stores in a nearby town where she gets them at low prices so that she can earn a bit of profit when she resells them.

She says that her greatest dream is that her youngest son has a career and is able to improve himself because stable employment is scarce in the community where they live; he still has two more years left in high school. She also wants to make her business grow a bit more and to sell dairy products and cold cuts so that folks don’t have to go to other towns to buy what they need for their meals.

The other seven group members are Domitila, Natalia, Gabriela, Enriqueta, Martha, Laura and Sebastiana and they will use their loans to buy products to stock grocery stores, to make traditional clothing and to buy sheep feed.
View original language description ↓
Ricarda tiene 51 años de edad y es originara de una población llamada Macho de Agua un lugar lleno de riqueza natural donde la principal fuente de empleo es la elaboración de bordados artesanales y a la cría de borrego, ella pertenece a un grupo llamado Gardenias y dice que le pusieron ese nombre al grupo por que donde se reúnen en esa casa hay flores de gardenias y para que las ubicaran rápido le pusieron ese nombre, aparte que esa flor es muy bonita. Platica que tiene una tienda de abarrotes desde hace más de 28 años y que la puso para poder ayudar a su esposo con los gastos del hogar ya que antes eran más hijos por mantener por que en ese entonces estaban estudiando. También puso la tiendita de abarrotes por la necesidad de que no había una tienda donde pudieran comprar los productos básicos para uso personal y para comer. Dice que desea un crédito y se lo está pidiendo a Visión Fund para poder surtir su tienda de abarrotes ya que quiere comprar jabón, huevo, leche, cloro, suavizante de telas, frijol, arroz, atún, sardinas, galletas, papel higiénico, pañales desechables, refrescos, jugos de diferentes sabores etc. Dice que todos esos productos los compra en diferentes tiendas en una población cercana a la de ella donde le dan precios bajos y así ella poder ganarle algo a la hora que los vende. Dice que su máximo sueño es que su hijo el menor tenga una carrera y pueda superarse ya que en la comunidad no hay trabajos estables aunque todavía faltan 2 años ya que ahorita va en la preparatoria, también para su negocio quisiera hacerlo crecer un poco mas y vender lácteos y carnes frías para que la gente no se traslade hasta otras poblaciones a comprar para comer. Las otras siete integrantes del grupo se llaman Domitila, Natalia, Gabriela, Enriqueta, Martha, Laura y Sebastiana ellas invertirán sus créditos en la compra de artículos para surtir tiendas de abarrotes, para la elaboración de prendas artesanales, para alimento para cría de borregos.


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
  • $17,325,200
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Gardenias Group's $4,425 loan helped a member to buy stock merchandise for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013