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Mariposas Group
In this Group: Feliza Juana, Leticia, Ma Guadalupe, Ana Ma., Olga, Arsenia, Juan, Sonia
Olga is 51 years old, and married to Alejandro, who works in construction. She is part of a group called "Mariposas."

She says that it is the first time they have worked with Visión Fund, and that all the members are very happy. She says, "We formed our group because we all need working capital to invest in our businesses. We went around asking several financial institutions, but none convinced us like Visión Fund, as it is the one with the lowest interest rates, and we decided to work with this institution."

She says that she works every day making tortillas with a woman who makes approximately 50 dozen tortillas a day by hand, the equivalent of some 600 tortillas. She works from Monday to Saturday to be able to help her husband with the household expenses, even though she would like to be self-employed and have a stable business.

She says she would like to sell tortillas from her home. Currently, she is asking for a loan to invest in the purchase of mattresses, sheets, bed coverings, towels and comforters by catalog.

A friend told her that good earnings can be made selling bedding, and she hopes that it will go very well, as she bought the catalogs and people have already made several orders with her. Now all she needs is working capital to supply the orders. She says that she will sell on a payment plan, to make it easier for the customers to pay, and for her to gradually recover her investment.

Olga is very happy, because she is really looking forward to having her own business, both making tortillas and selling bedding.

The other members of the group are Feliza, Leticia, Maria Guadalupe, Anna Maria Arsenia, Juan and Sonia. They will invest their loans in the purchase of goods to sell: car parts, seasonal fruits and vegetables, seasonal women shoes, shoes by catalog, clothing by catalog, and candy.
View original language description ↓
Doña Olga tiene 51 años de edad y está casada con el señor Alejandro el cual es albañil, ella es parte de un grupo llamado Mariposas platica que es la primera vez que trabajan con Visión Fund y que están muy contentos todos los integrantes ella dice “hicimos nuestro grupo porque todos ocupamos capital para invertir en nuestros negocios, anduvimos preguntando en varias financieras pero ninguna nos convenció como Visión Fund ya que es la que más bajos intereses tiene y decidimos trabajar con esta empresa”. Platica que ella a diario trabaja haciendo tortillas con una señora que aproximadamente hace al día unos 50 docenas de tortillas a mano equivalente a unas 600 tortillas y que trabaja de lunes a sábado para poder ayudar a su esposo con los gastos del hogar aunque a ella le gustaría trabajar por su propia cuenta y tener un negocio estable, dice que le gustaría vender tortillas en su casa y está pidiendo un crédito para invertirlo en la compra de colchas, sabanas, cobertores, toallas, edredones por catalogo, le platico una amiga que se tienen buenas ganancias en la venta de blancos y ella espera que le vaya muy bien ya que compró los catálogos y ya le han hecho varios pedidos ahora nada mas le falta el capital para surtir sus pedidos. Dice que los venderá en pagos para así se les haga más fácil a las clientes el pagar y ella poder recuperar poco a poco. Olga está muy contenta porque dice que le echara muchas ganas para poder hacer su negocio propio tanto de elaboración de tortillas y venta de blancos. Los otros 7 integrantes del grupo se llaman Feliza, Leticia, Ma. Guadalupe, Ana Ma. Arsenia, Juan y Sonia ellos invertirán sus créditos en la compra de refacciones para carros, en frutas y legumbres de temporada, en zapatos para dama de temporada, en la compra de zapatos por catalogo para vender, en la compra de ropa por catalogo para vender, en dulces para su venta.

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

  • $15,600
    Average annual income
  • 19
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Mariposas Group's $2,625 loan helped a member to buy mattresses, sheets, bedcovers, towels, and comforters by catalog for her sales business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2012
Listed
Oct 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2013