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La Conchita Group
In this Group: Alberto, Hugo, Macaria, Araceli
The “La Conchita” (The Little Shell) group is located in a community where most of the residents are merchants and know one another. The members of the group relate that the biggest market day takes place every Wednesday. The group has four members; they are all related to each other. They chose the group name because the “Purísima Concepción” (Immaculate Conception) is the community’s patron saint. The group representative is Alberto, 62. He’s married to Macaria and they formed a family with children but only one daughter is still dependent on them; she’s attending the university studying Architecture. Alberto has had a grocery store for 17 years; he started it because he wanted his family to somehow have a better quality of life. Alberto related: “I started it by just putting a few wooden crates out and I’d only get my products by the dozen. However, little by little they’ve been growing.”


Alberto is requesting a loan to buy more milk, eggs, flour, soft-drinks, oil, etc. He relates that he has no particular difficulty selling and every time his customers show up at his store he treats them with kindness so that they’ll return with confidence and want to buy. Alberto and the rest of his family are very happy and grateful to VisionFund and Kiiva for the granted loan because they will be able to invest in their economic activities.


Macaria will invest in plastic sales, Hugo will invest in feed and forage for the cattle and Araceli will invest in her clothing sales. Each one of them has business goals. What Alberto most wants is that his daughter finishes her professional career and that she will be able to practice it somehow.
View original language description ↓
El grupo "La Conchita" se encuentra ubicada en una comunidad donde la mayoria de sus habitantes son comerciantes y se conocen unos a otros. Los integrantes del grupo comentan que la plaza mas grande se realiza todos los dias miercoles. Son cuatro integrantes todos son familiares. El nombre del grupo lo eligieron porque en la comunidad festejan a la imagen de la Purisima Concepcion. Don Alberto quien es el representante del grupo platica que tiene 62 años de edad esta casado con la señora Macaria juntos formaron una familia con hijos de los cuales y solo tienen una hija que depende de ellos, hija se encuentra estudiando la Universidad la carrera de arquitectura. Don alberto tiene una tienda de abarrotes desde hace 17 años la inicio porque de alguna manera deseaba que su familia tuviera una mejor caliadad de vida, Don Alberto Platico "La inicie solo poniendo algunas cajas de madera y mis productos solo las adquiria por docenas sin embargo poco a poco han ido creciendo" Don Alberto esta solicitando el credito para comprar mas leche, huevo, harina, refrescos, aceites, etc. don Alberto platica que no presenta ninguna dificultad para vender y que cada vez que sus clientes llegan a su negocio los trata con amabilidad para que regresen con confianza de querer comprar, Don Alberto y el resto de su familia esta muy contenta y agradecida con VisionFund y Kiva por el credito otorgado ya que podran invertir en sus actividades economicas como Doña Macaria invertira en la venta de plasticos, Hugo invertira en alimento y forraje para el ganado y Araceli invertira en su venta de ropa. Cada uno de ellos tienen metas en sus negocios Don Alberto lo que mas desea es que su hija llegue a termianar su carrera profesional y pueda ejercerla de alguna manera.

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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $18,365,750
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Conchita Group's $2,325 loan helped a member to buy stock merchandise for his store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Dec 3, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013