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El Molino Group
In this Group: Lucía, Nicolasa, Rosaura, María Cruz, Maximina
The "El Molino" ("The Mill") group is located in a small community where everyone knows each other very well. They chose this name because they meet in Lucia's house, and she has a corn mill, which is why they thought of naming their group this way.

Lucy, as she is affectionately called, is 42 and has been married to Margarito for 22 years. Together they formed a family with five children. Only one of their daughters is still studying and therefore dependent on them; the other four children are already independent. Lucy is a very enthusiastic and happy woman, but above all she is very hardworking.

She has made a living raising pigs, oxen, chickens, turkeys, and ducks for 22 years, since she married Margarito. Lucy says that she started this business because she wanted to help her husband with their household costs. She became even more motivated when the institution offered her a loan, which they said was to invest in her animals. Now she is applying for a loan to buy more pigs and calves.

She says that she doesn't have any difficulties in her work, because she already has plenty of experience with the animals. She has received two training sessions about raising animals, one from the institution and one from the government. Lucy said: "I like my work very much because I can see how the mothers give birth to their baby animals. Once we had a sheep who gave us twins, but she wasn't able to give birth to them and we had to help her with the techniques we learned in the training."

Lucy is very happy and grateful to VisionFund because thanks to the loans, she has been able to invest in her animals. With her earnings, she has been able to finish building her house. Her house only had two rooms, but now it has four rooms and a small living room. This has also helped her to give her children an education. However, she still has the dream that her daughter who is still studying can finish a professional degree and have a better quality of life.

The other members of the group are also very grateful to VisionFund and Kiva for this loan, because it will be a great help to them to invest in their businesses. Maximina will invest in embroidery, seafood and chicken to sell, Nicolasa will invest in sheep and corn, Rosaura will invest in clothing, and María Cruz will invest in her grocery store.
View original language description ↓
El grupo “El Molino” está ubicado en una comunidad pequeña donde las personas se conocen muy bien. El nombre del grupo lo eligieron porque se reunían en la casa de Doña Lucia quien tenía un molino de nixtamal y fue como se les ocurrió ponerle así. Doña Lucy, como le dicen de cariño, cuenta que tiene 42 años de edad está casada desde hace 22 años con el señor Margarito juntos formaron una familia con cinco hijos y solo una de sus hijas se encuentra estudiando y que aun es dependiente de dicha pareja y sus cuatro hijos son ya independientes. Doña Lucy es una mujer muy entusiasta, alegre pero sobretodo muy trabajadora ella se dedica a la crianza de cerdos, bueyes, pollos, guajolotes y patos desde hace 22 años justo cuando se caso con el señor Margarito. Doña Lucy cuenta que inicio su actividad porque quería ayudar a su esposo con los gastos del hogar y mas motivada se vio cuando la institución le ofreció el crédito y le comentaron que era para invertirlo en sus animalitos. Ahora esta solicitando un crédito para comprar más cerdos y becerros, platica que no tiene ninguna dificultad porque ya tiene mucha experiencia con los animales ha recibido dos capacitaciones para la cria de sus animales una por parte de la institución y otra por parte del gobierno, la señora Lucy comento: “Me gusta mucho mi actividad porque veo como nacen los animalitos bebes de sus madres, Una vez llegamos a tener una borrega que nos dio gemelitos solo que no podia tenerlos y tuvimos que ayudarla con las técnicas que aprendimos en las capacitaciones” Doña Lucy esta muy contenta y agradecida con VisionFund porque gracias a los créditos que le han otorgado ella ha podido invertir en sus animales y con sus ganancias ha podido terminar de construir su casa, su vivienda solo tenía dos cuarto pero ahora ya cuenta con cuatro habitaciones y una sala chica pero también le ha ayudado a darle estudios a sus hijos. Sin embargo aun tiene el sueño de que su hija que se encuentra estudiando termine una carrera profesional y tenga una mejor calidad de vida. Las integrantes del grupo también están muy agradecidas con VisionFund y KIVA por el crédito otorgado ya que será de gran ayuda para invertir en sus actividades como Doña Maximina invertirá en bordados, pescados y pollos para su venta, Doña Nicolasa invertirá en borregos y maíz, Rosaura invertirá en ropa y María Cruz invertirá en la tienda de abarrotes.

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
  • 12.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Molino Group's $4,650 loan helped a member to buy more pigs and calves.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2013
Listed
Mar 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013