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Las Margaritas Group
In this Group: Maricruz , Yolanda , Elma , Luz Elvira , Reyna
“Las Margaritas” [The Daisies] is the name of a group that is made up of 5 hardworking, happy, and enterprising women. They decided to give the group this name because they really like flowers, especially daisies. Their group is located in the community of Tetela, where most of the commerce is that of street vendors, since there are few stores available in the center of the town and people also think they sell more if they go out and offer their products. The members of the group are Maricruz, who sells shoes; Yolanda, who sells clothing; Elma and Luz Elvira, who sell knit clothing; and Reyna, who sells food.

Elma is 41 years old. She is single and she didn’t have the opportunity to study. She explains that since she didn’t have the opportunity to study, her mother advised her to learn a trade so that when she had children, she could provide for them. So, she learned to knit. More than 5 years ago, she began doing what she had learned because she needed a job. When she couldn’t find one, she decided to knit and then sell her products. She explains that at first it was difficult to get customers, but now people even come to her house to ask her to make various styles of blouses and knitted shoes. She is happy with her business because she really likes to knit and to earn her own money. She will use the loan to buy a variety of yarns, shoe soles, and kitting needles for making her products.

Elma hopes that her business will continue to prosper so that she can have a better quality of life and save a little so that she can make some future repairs to her house.
View original language description ↓
Las Margaritas es el nombre de un grupo integrado por 5 mujeres trabajadoras, alegres y emprendedoras, ella decidieron llamar a su grupo así porque les gustan mucho las flores, en especial las margaritas. Su grupo se encuentra ubicado en la comunidad de Tetela en la cual el comercio en su mayoría es ambulante ya que hay pocos locales disponibles en el centro de la comunidad y la gente piensa que se vende más saliendo a ofrecer sus productos. Las integrantes del grupo son Maricruz quien se dedica a la venta de calzado; Yolanda, a la venta de ropa; Elma y Luz Elvira, a la venta de ropa tejida y Reyna, a la venta de comida.

La señora Elma tiene la edad de 41 años, es soltera y no tuvo la oportunidad de estudiar. Ella platica que como no tuvo la oportunidad de estudiar, su madre le aconsejo aprender un oficio para que cuando tuviera a sus hijos, pudiera sacarlos adelante, y aprendió a tejer. Hace un poco mas de 5 años inicio a desempeñar lo que había aprendido ya que necesitaba un empleo y al no encontrarlo decidió ponerse a tejer y a salir a ofrecer sus productos. Comenta que al principio fue un poco difícil ganarse clientes, pero ahora hasta la van a buscar a su casa para mandarle hacer blusas de distintos estilos y zapatos tejidos, ella esta contenta con su actividad ya que le gusta mucho tejer y gana su propio dinero, ella invertirá este crédito en la compra de variedad de hijos, suelas y ganchos para la elaboración de sus productos.

Doña Elma desea que su negocio continúe prosperando para tener una mejor calidad de vida y ahorrar un poco para a futuro hacer algunos arreglos a su casa.

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
  • $17,541,650
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Margaritas Group's $1,475 loan helped a member to buy a variety of of yarns and knitting needles.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 5, 2012
Listed
Oct 14, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013