Check out some available loans that are similar to this one!
La Principal Group
In this Group: Ismael , Justo, Angel , Adela, Maria , Victor , Maria Teresa , Vicente , Juan
“La Principal” Communal Bank is composed of nine members all of whom have productive businesses. The name they selected is the name of the street where they meet. Members of the bank include Ismael and Vicente who will buy two rolls of oilcloth for their greenhouses of nopales (cactus). Juan who will purchase fertilizer for his nopales, Maria Teresa, who will buy shoe polish for shoes, Justo who will invest in vegetables and Victor who will buy potatoes to make french fries.

Don Ángel has been a client of Fundacion Realidad for several years. He is 40 years old and has been married to Sra. Rebecca for 22 years. Together they have a family with four children. Don Ángel has been selling nopales for 15 years. He notes that he started his business because his father was also engaged in cultivating nopal; that is how Ángel learned the business.

On this occasion, he is requesting a loan in order to purchase two rolls of new oilcloth in order to maintain his nopal plants and they will also serve to protect them from the ice that forms . Sudden temperature changes are one of the difficulties Ángel faces, which often cause his plants to be stunted or the loss of his crop altogether.

Don Ángel notes that he usually works at his business all week; some days he goes to other towns to sell his crop and other days he can be found working in his greenhouse. He is sure that if he takes good care of his nopales, he will have good sales because the best seasons are approaching. He notes: “My greatest goal is that my sons will be hardworking men and that they will enjoy the fields and continue cultivating nopal so that the family business will not be lost.

Don Ángel and the group in general are very grateful because this loan will be a great help to their businesses.
View original language description ↓
El grupo "La Principal" esta conformado por nueve integrantes todas teinen una actividad productiva, el nombre del grupo lo eligieron porque asi se llama la calle en donde se reunen, los integrantes del grupo son Ismael, Vicente quienes compraran 2 rollos de hule para su invernadero de nopales, Juan invertira para comprar abono para sus nopales, Maria Teresa quien comprara grasa para zapatos, Justo invertira en sus verduras y Victor comprara papas para frituras.
Don Ángel es cliente de la institución desde hace ya varios años tiene un 40 años de edad esta casado con la señora Rebeca desde hace 22 años juntos han formado una familia con cuatro dependientes. Don Ángel se dedica a la venta de nopal desde hace 15 años cuenta que inicio su actividad porque su papa también se dedicaba al cultivo de nopal es como Don Ángel aprendió, esta vez esta solicitando un crédito a la institución para poder comprar 2 rollos de hules nuevos para mantenimiento a su cultivo de nopales pero también servirá para cubrir de las heladas que aproximan esta es una de las dificultades que presenta Don Ángel los cambios brucos de temperatura ya que muchas veces su cosecha ya la pierde o no llega a buen termino, Platica que por lo regular toda la semana se dedica a su negocio unos días sale a vender a otros municipios y otros días se encuentra en su invernadero trabajando. Don Ángel está seguro que si cuida muy bien sus nopales tendrá muy buena venta ya que se acerca las mejores temporadas, Don Ángel Comenta “Mi mayor meta es que mis hijos fueran hombres trabajadores y que les guste el campo y sigan trabajando el nopal para que no se pierda el negocio familiar, Don Ángel y el grupo en general están muy agradecidos porque el crédito otorgado ya que será de gran ayuda para sus actividades productivas.

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 La Principal Group's $7,075 loan helped a member to purchase two rolls of oilcloth for his greenhouse..
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013