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La Loma Ahorros (Flat) Group
In this Group: Margarita , Roberto , Fidel , María Del Carmen , Noemí , René
The group “La Loma Ahorros” (The Savings Knoll) is located in a very small community and has this name because the group meets in an area that has a hill where they can appreciate the pretty countryside. The group is made up of three women and three men who are very good at running their businesses. Margarita, who is the group representative, is 31 years old and has been married to Juan for six years. Together they have three children, two of whom are currently in school. Mago, as she is known by her friends, works raising and fattening sheep, which she has done for six years. She started her business of her own initiative because she wanted to help her husband with their household expenses and their children's education. She is asking for a loan to buy two sheep and sufficient grass to feed her ten other sheep. Since the beginning of her business she has not had any difficulties, except for when the sheep get sick. But when this happens she immediately takes them to the veterinarian and they recover easily. Mago says "my goal is to finish building my house so that my children can have a dignified home, but I would also love for them to have successful careers and stable lives without economic struggles." For this reason Mago works raising sheep to add one more income to the family.

Group members René and Roberto will invest their loans in their grocery stores. Carmen will buy a sheep to raise and sell. Noemí will buy calves to rasie and sell. Finally, Fidel will by plants to sell. The group has taken out many loans with the institution that have enabled them to be successful in their businesses and above all give the necessary to their families.
View original language description ↓
El grupo “La Loma Ahorros” es un grupo ubicado en una comunidad muy pequeña y lleva este nombre porque donde se reúne el grupo hay una colina desde donde se puede apreciar un lindo paisaje. Los integrantes del grupo son tres mujeres y tres hombres y son muy talentosas en sus negocios. Margarita, quien es la representante, tiene 31 años de edad, es una mujer casada desde hace seis años con el señor Juan y juntos han formado una familia con tres hijos de los cuales dos se encuentran estudiando. Mago, como le dicen de cariño, se dedica a la crianza y engorda de borregos desde hace 6 años y platica que inició su actividad porque fue su iniciativa de querer ayudarle a su esposo con los gastos del hogar y la educación de sus hijos, esta vez solicita el crédito para comprar 2 borregos y pastura suficiente para sus otras 10 borregas que tiene en casa. Mago cuenta que desde que inicio con la crianza de sus borregos no ha tenido grandes dificultades solo cuando llegan a enfermarse pero de inmediato los lleva con el veterinario y se recuperan sin grandes dificultades. Mago comentó “Mi meta es terminar de construir mi casa para que mis hijos tengan un hogar digno, pero también me encantaría que ellos terminaran una carrera profesional para que puedan tener una vida estable sin tantos conflictos económicos”. Así como Mago se dedica a la crianza de borregos para tener un ingreso mas también los demás integrantes del grupo como por ejemplo René y Roberto invertirán en sus tiendas de abarrotes, Carmen comprara un borrego para cría y venta, Noemí comprara becerros para cría y venta. Finalmente, Fidel comprara plantas para su venta. En general, el grupo tiene varios ciclos trabajando con la institución lo que les ha permitido tener éxito en sus negocios y sobretodo darle lo necesario a sus familias.

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
  • 31
    View loans »
    Mexico Loans Fundraising
  • $18,350,050
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Loma Ahorros (Flat) Group's $2,325 loan helped a member to buy sheep and feed.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Dec 4, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013