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Loma Chiquita Group
In this Group: Catalina, Isidra, José, María De La Luz
The “Loma Chiquita” (Little Hill) group comprises three women and one man, members who are very hardworking, enterprising people with activities of their own. They relate that they named their group thus because they live on a small hill; it used to be called “loma bonita” (pretty hill) but they decided to change it.

María de la Luz, 23, is one of the group members. She lives in free union with Juan Manuel who works in construction. They have formed a family together; they have two children. Luz, as she’s affectionately called, is a very young woman but she very much wants to get ahead in life. Luz works selling candy every day on a little table outside her house. She started the business two years ago because she wanted to help her husband with household expenses so they could have a better quality of life. This time, she’s asking the institution for a loan to buy more candy of various types. Her difficulty is the lack of money to invest in the business but thanks to the loan she’ll be granted she will be able to buy more candy.

Luz’s dream is to have a larger store where she can sell all types of products. Her profits will be of great use to her to be able to improve her quality of life and she will also be able to use her profits so that her children can go to school.

The other group members are José who will invest in his grocery store, Catalina who will invest in candy and Isidra who will buy sheep to raise and then sell. The group is very grateful to Kiva and VisionFund for the granted loan because thanks to the loans they’ve been able to make their business grow.
View original language description ↓
El grupo “Loma Chiquita” está compuesto por tres mujeres y un hombre, integrantes que son personas muy trabajadoras y emprendedoras con sus actividades. Platican que le pusieron así a su grupo porque viven en una lomita chiquita, anteriormente tenían el nombre de loma bonita pero decidieron cambiarlo. María de la Luz quien es uno de los miembros tiene 23 años de edad vive en unión libre con Juan Manuel quien trabaja de albañil juntos han formado una familia con dos niños. Luz, como de cariño de dicen, es una mujer muy joven pero con muchas ganas de querer sobresalir en la vida. Luz se dedica a la venta de dulces y vende todos los días afuera de su casa en una mesita; desde hace 2 años inicio su negocio porque quería ayudar a su esposo con los gastos del hogar para poder tener una mejor calidad de vida, esta vez está solicitando el crédito a la institución para poder comprar más dulces de diferentes tipos. Su dificultad es la falta de dinero para poder invertirle a su negocio pero gracias al préstamo que le otorgaran podrá comprar más dulces. El sueño de Luz es llegar a tener una tienda mas grande donde pueda vender todo tipo de productos, sus ganancias serán de gran ayuda para poder mejorar su calidad de vida también con sus ganancias podrá apoyar a sus hijos que desean estudiar. Los integrantes del grupo son Don José quien invertirá en su tienda de abarrotes, Catalina invertirá en dulces, y Doña Isidra comprara borregos para su cría y venta. El grupo está muy agradecido con Kiva y Vision Found por el crédito otorgado porque gracias a estos créditos han podido crecer sus negocios.

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
  • 16
    View loans »
    Mexico Loans Fundraising
  • $18,610,225
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Loma Chiquita Group's $2,950 loan helped a member to buy candy.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 3, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013