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Grupo Nuevo Almaguer Group
In this Group: Eluteria, Julia Carmen, Ma De La Luz, Ma Guadalupe, Maria Santos, Sanjuana
The communal bank Nuevo Almaguer is in its fourth loan cycle. The group meets in the eastern section of the city of Monterrey. The members pursue different activities: selling food, natural products, tamales, and used clothing in the nearby markets. Eluteria, 61, is one of the members and is married with two married children. Eluteria sells tamales, a traditional Mexican dish, on weekends with her neighbors. She also sells personal natural products such as juices with vitamins, natural creams, and malts. She started selling tamales 10 years ago when her husband became ill and she had to work on his behalf.

With this loan, Eluteria wants to buy enough supplies to make tamales and be ready for the Christmas season, the best part of the year for selling this Mexican dish. She dreams of having her own place to sell tamales since the stall would help her increase sales and better serve her customers.
View original language description ↓
El Grupo Nuevo Almaguer se encuentra ya en su cuarto ciclo de crédito, el grupo celebra sus reuniones al oriente de la ciudad de Monterrey. Las integrantes del grupo se dedican a actividades diversas como venta de comidas, venta de productos naturales, venta de ropa usada en los mercados rodantes y venta de tamales. Doña Eluteria es una de las integrantes del grupo, tiene 61 años, es casada, con 2 hijos ya casados. Eluteria se dedica a la venta de tamales (un platillo típico de la comida mexicana) los fines de semana con sus vecinos de la colonia y vende también productos naturales de uso personal como jugos con vitamitnas, cremas naturales y malteadas. La señora Eluteria comenzó con la venta de tamales hace 10 años porque su esposo se enfermó y ella tuvo que salir adelante por su cuenta. Con su crédito, Eluteria quiere comprar suficientes insumos para elaborar sus tamales y así estar preparada para las ventas navideñas que son las mejores del año para este platillo acá en México. El sueño de Eluteria es tener un establecimiento para la venta de sus tamales, ya que el local le favorecerá en el incremento de sus ventas y podrá dar un mejor servicio a sus clientes.

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
  • 16
    View loans »
    Mexico Loans Fundraising
  • $18,557,900
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo Nuevo Almaguer Group's $3,600 loan helped a member to stock merchandise for the winter season.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Nov 4, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2013