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Barrio De Santa Cruz Group
In this Group: Yeimi, Fidelina, Karen Iveth, Maria Guadalupe, Juan Manuel, Armando
Armando is a native of a community located 3 kilometers from an archaeological site that year after year attracts tourists from all over the world who want to see the greatness of his ancestors. Armando is part of a new group called Barrio de Santa Cruz named for a huge cross on a hill in his community. He says that they put this group together to request a loan so they can improve their businesses and because he wants to grow his home business. His wife helps him tend to the business during the week because he also works everyday as a mason. He tends to the sales on the weekends. They have been selling roasted potatoes, French fries, chicharrones [fried pork rinds], churros [donuts] made with different types of fruit and sauce. He buys his products from a store in a town close to his called Zitacuaro because they sell him the fruits at a cheaper price. He says that his dream is to improve his family’s living conditions since he has 4 children, 2 in elementary school, 1 in preschool and a newborn, and to expand his business and eventually sell a few groceries so that his home business becomes well established for his wife.

The other members of the group are Yeimi, Fidelina, Karen Iveth, María Guadalupe and Juan Manuel. They will invest their loan money in their businesses making woven blouses and tablecloths and to purchase chickens and pigs.
View original language description ↓
Armando es originario de una comunidad cuyo atractivo es que se encuentra como a unos 3 kilómetros una zona arqueológica que año con año llegan turistas de todo el mundo a ver lo grandioso de los antepasados. Armando es parte de un grupo nuevo llamado Barrio de Santa Cruz, ya que en su colonia se encuentra una cruz muy grande en un cerro. Platica que hicieron un grupo para pedir un crédito para mejorar sus negocios y porque él quiere hacer crecer su negocio el cual tiene en casa y su esposa le ayuda a atenderlo entre semana porque el sale a trabajar como albañil a diario a otras localidades y le toca vender los fines de semana. Desde hace un año tienen un puesto de venta de papas doradas, papas a la francesa, chicharrones preparados, churros preparados con salsa y diferentes tipos de frituras, las cuales compra en una tienda de una población cercana a su localidad llamada Zitacuaro porque ahí le dan más baratas las frituras. Dice que su sueño es mejorar las condiciones de vida de su familia ya que tiene 4 hijos dos estudian la primaria, una en el preescolar y un recién nacido, dice que su sueño es ampliar su negocio y más adelante vender un poco de abarrotes y hacerle un local bien establecido en su casa para su esposa. Los demás integrantes de su grupo se llaman Yeimi, Fidelina, Karen Iveth, María Guadalupe y Juan Manuel, ellos invertirán sus créditos en el negocio de elaboración de bolsas tejidas, elaboración de servilletas, en la compra de gallinas y cerdos.

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
  • 7
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    Funds lent in using Kiva
  • 12.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Barrio De Santa Cruz Group's $1,750 loan helped a member purchase fruit and soy to make vegetables, sauces and soft drinks.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2013
Listed
Feb 21, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013