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Ojo De Agua Group
In this Group: Maribel, Felisa, Miguel, Juan

Update on Ojo De Agua Group

Miguel is hard-working and responsible. He tells us that from a very young age he found a liking for business as, as a child, he used to help his mother in her business selling seasonal fruits. He is part of a group called "Ojo de agua" (natural pool in English) as where the group meets and collects its loans, there is a natural pool that supplies water to the community. Miguel is married to Heliodora and they have two children. One is taking preparatory courses for university while the younger is at secondary school. Miguel says that he has had his fruit and vegetable business for 22 years as, when he married, his mother helped him to set up his own stall, so that he could look after his family. Miguel buys his seasonal fruit and vegetables in the town's central market. He has to go very early in order pick the best and freshest fruit, so that it is not bruised, and so he can sell it for a better price. He goes out to sell his fruit in different markets in the state and he says he likes his a lot as he has afternoon free to look after his children and family. He says he is applying for a loan with Vision Fund because he wants to stock up his stall as the high season for selling is coming. Easter week is when fruits such as oranges, mandarins, watermelon, melons and pineapple sell best. He also grows avocados, which are ready in both February and June. He also says that part of the loan will be used to buy supplies for growing avocados and hot chili peppers. The other three members of the group are Maribel, Felisa and Juan. The will invest their loans in their businesses that do catalog sales of perfumes and cosmetics and selling fruits and vegetables.
View original language description ↓
Miguel es un hombre trabajador y responsable platica que desde muy joven le agarro gusto por el comercio ya que el desde pequeño le ayudaba a su mama en el negocio de la venta de frutas de temporada. Platica que él es parte de un grupo llamado Ojo de Agua ya que donde se reúnen hacer sus reuniones y cobranzas hay un ojo de agua el cual abástece a su comunidad. Miguel está casado con la señora Heliodora y tiene dos niños los cuales estudian una la preparatoria y el más pequeño, la secundaria. Dice que él tiene con su negocio de venta de frutas y legumbres desde hace 22 años ya que desde que se caso su mama le ayudo a poner su propio puesto para que así pudiera mantener a su familia. Platica que el surte sus frutas y legumbres de temporada en la central de abastos de su comunidad y tiene que ir a muy temprana hora para escoger la mejor fruta y la mas fresca para que no la malluguen y la pueda vender a un mejor precio. El sale a vender su fruta en diferentes tianguis y le gusta mucho su trabajo porque tiene la tarde libre para estar al pendiente de la educación de sus hijos y de su familia. Comenta que pide un crédito a VisionFund porque quiere surtir su puesto ya que ahorita se viene la temporada fuerte de ventas ya que la fruta en la semana santa es cuando mejor se le vende como son naranjas, mandarinas, sandias, melón verde y melón chino, piña y también cultiva aguacate el cual corta en dos temporadas que es en febrero y junio, dice que también parte del crédito lo ocupara en la compra de insumos para sus aguacates y chiles manzanos de cultiva. Las otras tres personas se llaman Maribel, Felisa y Juan ellos invertirán sus créditos en sus negocios de venta de perfumería y cosméticos por catalogo y venta de frutas y legumbres.




Previous Loan Details

Janitzio is 25 years old and a member of the 'Ojo de Agua' group. He says that his fellow members gave the group this name because there is a water source very near where they meet with this name. Janitzio's business is selling seasonal fruit. He says that he grows some of the fruit he sel... More from Ojo De Agua 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

  • $11,249
    Average annual income
  • 14
    View loans »
    Mexico Loans Fundraising
  • $17,549,650
    Funds lent in using Kiva
  • 12.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Ojo De Agua Group's $4,200 loan helped a member to buy seasonal fruit and vegetables to sell at his market stall.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2013
Listed
Feb 27, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013