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Los Nardos Group
In this Group: Bertha, Alicia, Olivia, Leonel, Priscila, Rosa Ma, Ma Guadalupe, Juana
Bertha, 42, is a member of the group called “Los Nardos” and although they’ve only been in a group to request loans for a short period of time she says they all get along well and help each other out if someone doesn’t quite have enough to cover the entire loan payment.

For more than 20 years, she and her husband have had a hardware stand where they sell picks, hammers, screwdrivers in various sizes, drills, silicon tubes, nails, screws, saws, paint brushes, etc. She says that she has the stand outside the wholesale food market and that they were given it with much effort and sacrifice because many people compete for this type of stand because being near the central bus station sales are very good. She says that because they had no jobs, she and her husband set up their business.

At first they sold paint for shoes, shoe polish and shoe laces and then the people themselves suggested they start to stock things like screwdrivers, screws and many other things so she says she saved up a little money and went to Mexico City to stock up because all sorts of hardware and things sold in hardware stores are sold there; she decided to make her business grow and says that she’s now asking Vision Fund for a loan to improve her stand. She wants to make it grow by buying some packages of hardware she saw and she wants to buy a tarpaulin because the one they have is deteriorated because of the weather. She says that the loans she’s asked the financial institution have improved her business and her family conditions and now her goal is to have a larger stand.

The other group members’ names are Alicia, Olivia, Leonel, Priscila, Rosa María, María Guadalupe and Juana and they will invest in their various businesses like stocking up on seasonal fruit and vegetables to sell, stocking up on underwear to sell, buying corn to make corn tortillas and buying stock merchandise for a grocery store.
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Doña Bertha tiene 42 años de edad ella es integrante de un grupo llamado Los Nardos y aunque llevan poco tiempo como integrantes de un grupo para pedir créditos dice que todos se llevan bien y que se ayudan entre sí, si alguien no tiene para cubrir todo el pago de su crédito. Ella desde hace mas de 20 años tiene un puesto junto con su esposo de tlapalería donde venden talachos, martillos, desarmadores de diferentes medidas, taladros, tubos de silicón, clavos, tornillos, serruchos, brochas etc. Dice que su puesto lo tiene afuera de la central de abastos y que con mucho esfuerzo y sacrificios se los dieron ya que mucha gente pelea ese tipo de puestos ya que están cerca de la central camionera y se vende muy bien. Dice que como no tenían un trabajo estable ella y su esposo pusieron su negocio, primero vendían pintura para zapatos, cremas, agujetas y después la misma gente le fue diciendo que surtiera más cosas como desarmadores, tornillos y muchas cosas mas entonces dice que junto un dinerito y se fue a surtir a la ciudad de México donde venden todo tipo de herramientas y cosas que se venden en las tlapalerías y decidió hacer crecer su negocio, dice que ahorita está pidiendo un crédito a Visión Fund para mejorar su puesto y que quiere hacerlo crecer comprando unos paquetes con herramientas que vio y quiere comprar una lona por que la que tiene esta deteriorada por las inclemencias del clima. Dice que a los créditos que ha pedido a la financiera ha mejorado las condiciones de su negocio y de su familia y que su meta es poner un puesto más amplio. Los otros integrantes del grupo se llaman Alicia, Olivia, Leonel, Priscila, Rosa Ma., Ma. Guadalupe y Juana ellos invertirán en sus negocios como surtir de frutas y legumbres de temporada para su venta, para surtir ropa interior para su venta, compra de maíz para la elaboración de tortillas de maíz y para la compra de artículos para surtir tienda de abarrotes.

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
  • 28
    View loans »
    Mexico Loans Fundraising
  • $18,610,225
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Nardos Group's $3,850 loan helped a member to buy hardware.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2012
Listed
Nov 28, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 18, 2013