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Sol Naciente Group
In this Group: Maria Luisa , Nicolasa , Antonia , Norma, Leticia, Marcela , Maria Mercedes, Marcela
The Sol Naciente communal bank is comprised of eight hard-working, happy, and enterprising women. Each one of them works at a business activity with the intention of giving their families a better quality of life.

Maria Luisa-Sells perfume
Nicolasa-Grows lemons
Antonia –Beauty Salon
Norma-Shoes
Leticia-Grows sugarcane
Marcela-Transportation
Maria Mercedez-Taxi
Marcela T.-Taxi

This group is located in a sugarcane region in a town called Maravillas. Marcela says that over 30 years ago her family bought a cargo truck [three wheeled motorized vehicle with a large cargo bay] . They rent it during the harvest season (when the sugar refineries start to produce sugar). They rent it for hauling the sugarcane.

Marcela only has an elementary school education, and she is married to Miguel. She says that because she did not have much education, she started working when she was very little. Ever since she formed her family with Miguel, they have worked side by side in order to get their family ahead and to, each day, have the opportunity for a better life.

She also told us that in the future she would like to start a new business and continue performing maintenance on the truck. A loan from VisionFund will give Marcela the opportunity to buy some things to provide maintenance on her cargo truck in order to continue renting it.

This group is grateful to VisionFund for the support they are being given through these loans.
View original language description ↓
El grupo "Sol Naciente" esta integrado por 8 mujeres trabajadoras, alegres y emprenderoras cada una de ellas desarrolla una actividad economica con la intencion de dar a su familia una mejor calidad de vida.

Maria Luisa-Venta de perfumeria
Nicolasa-Siembrade limon
Antonia -Estetica
Norma-Calzado
Leticia-Siembra de caña
Marcela-transporte
Maria Mercedez-Taxi
Marcela T.-Taxi

Este grupo esta ubicado en una region cañera en un pueblo llamado Maravillas.

Doña Marcela platica que hace mas de 30 años su familia compro un carro carguero, el cual renta en temporada de zafra (cuando los ingenios inician a producir azucar) rentan para el acarreo de la caña.

Doña Marcela solo estudio la primaria y esta casada con don Miguel, ella dice que como no tuvo mucho estudios inicio a trabajar desde muy pequeña y desde que formo su familia con don Miguel trabajan hombro a hombro para sacarla adelante y cada dia tener la posibilidad de una mejor vida.

Tambien nos dijo a futuro le gustaría iniciar un nuevo negocio y seguir dando mantenimiento al camion.

Un credito de Vision fond dara a Doña Marcela la oportunidad de comprar algunas piezas y dar mantenimiento a su carro carguero para continuar rantandolo.

este grupo agradece a Visión Fund por el apoyo que les a brindado a travez de estos financiamientos.

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
  • 38
    View loans »
    Mexico Loans Fundraising
  • $19,122,575
    Funds lent in using Kiva
  • 12.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol Naciente Group's $2,525 loan helped a member to buy some things to provide maintenance on her cargo truck.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2012
Listed
Jan 8, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013