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Alcatraz Group
In this Group: Juan , Cecilia , Virginia , Guillermo , Rahudel , Sara

Update on Alcatraz Group

This is the second time that the "Alcatraz" group has applied for a loan from the communal bank. Before, there were only four members but two more have now joined. They say that they really enjoyed working with Vision Found and Kiva and so decided to come back for another loan. The members themselves chose the group's name as "alcatraz" means "abundance". Ceci is one member of the group. She is 49 years old and married to Genaro, who works in the country. Together they have a family with ten children, three of whom still depend on their parents as they are studying. Ceci has a small grocery story that she started a year ago. She says that she already had premises but she just had not decided exactly what kind of business to have. She finally opted for a small grocery store. Ceci tells us she is very happy with the success she has had with her business as her earning have helped to improve her children and her and her husband's living conditions. However, what she most likes is being able to chat with customers, and she is always excited to know how they are. Ceci said "I really like my business but my only difficulty is I have no fridge for storing cold meats and yoghurts. Before I sold cheese but with no fridge I had to stop because it would very quickly go off". Despite this difficulty, though, Ceci is very happy and very grateful to Vision Fund and Kiva for the loan provided. Thanks to this financial support, she will be able to realise her dream which is for her grocery store to expand and to sell everything and, laughing, she says, it's "almost, almost a corner shop". With expansion, she can have the necessary support so her children can have a better education. Just as Ceci has dream, so do the other members of the group. So, they are applying for this loan to invest in their work. Juan will invest in the greenhouse for his raspberries; Virginia will invest in a boiled corn grinder; Raudel will invest in oil for cars; Sara will invest in clothes and finally Guillermo will use his loan for his taxi.
View original language description ↓
Esta es la segunda vez que el grupo "Alcatraz" solicita credito a la institucion anteriormente eran solo cuatro integrantes pero dos personas se sumaron al grupo. Comentan que les gusto mucho trabajar con Vision Found y KIVA es por eso que han decidido volver a renovar su credito. El nombre del grupo lo elijieron ellos mismos porque alcatraz significa anbudancia, Doña Ceci es integrante del grupo platica que tiene 49 años de edad esta casada con el señor Genaro quien trabaja en el campo juntos han formado una familia con 10 niños de los cuales aun tres de ellos dependen de dicha pareja ellos aun se encuentran estudiando Doña Ceci tiene una pequeña tienda de abarrotes que inicio desde hace un año cuenta que la inicio porque ya tenian los locales preparados solo que no habian definido bien que negocio poner finalmente decidieron poner la tiendita de abarrotes La señora Ceci platica que esta muy contenta por el logro que ha tenido en su negocio porque sus ganancias han ayudado a mejorar la calidad de vida de sus hijos y de ellos para padres pero lo que mas le gusta a Doña Ceci es platicar con sus clientes le emociona mucho saber de como estan sus clientes. Doña Ceci comento "Me gusta mucho mi negocio solo que mi unica dificultad es la falta de un refrigerador para poder vender carmes frias, yogurt, porque yo antes ya vendia queso pero por falta del refrigerador tuve que dejar de vender porque se me echaba a perder muy rapido" Pero a pesar de esto Doña Ceci esta muy contenta y agradecida con Vision Fund y KIVA por el credito otorgado ya que gracias a la ayuda económica ella podra realizar su sueño es llegar hacer mas grande su tienda de abarrotes donde pueda vender de todo entre risas comento "Casi casi una miselanea" para que ella pueda tener un sustento necesario para que sus hijos puedan tener una mejor educacion, Asi como Doña Ceci tiene sueños tambien los integrantes del grupo es por eso que han solicitado el credito para invertir en sus actividades Juan en su invernadero de frambruesa, Virginia en su molino de nixtamal, Raudel en aceite para autos, Sara en ropa y finalmente Don Guillermo en su taxi.

Previous Loan Details

This is the first time the “Alcatraz” group is requesting a loan from the institution. They are very committed to do well. It’s a group of four people each with a different productive activity and this is why they are requesting a loan to invest in their respective activities. For example, Ju... More from Alcatraz Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 20
    View loans »
    Mexico Loans Fundraising
  • $19,058,800
    Funds lent in using Kiva
  • 12.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Alcatraz Group's $1,350 loan helped a member to buy milk, bread, eggs, drinks, fried foods, juices and such like.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Jan 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013