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Las Palomas Group
In this Group: Virginia, Susana, Angelina, Maria Regina, Fernanda, Carmen, Celia, Bulmaro, Esperanza, Tomas, Marcia
Don Tomas is 47 years old and is originally from a Mazahua indigenous community. The community is adjacent to the boundaries of Michoacán State in Mexico. It is not very easy to access the community, because there is almost no transportation to the town and one has to walk to catch the microbus that passes by. Don Tomas is part of a group called Las Palomas ('The Doves'). He says it is the first time he has joined a lending group. He is asking for this loan because he has a small grocery and supply store in his community, and would like to stock the store using this money. Every week he goes to the town of Zitacuaro to buy vegetables and other items to sell so his store is well-stocked and customers in his community do not have to waste their time traveling to get what they need. Don Tomas says he will use the loan money to buy tomatoes, chile peppers, onions, potatoes, eggs, beans, rice, chocolate, sugar, salt, matches, light bulbs, cooking oil, soups, soft drinks, plantains, toilet paper, tuna, sardines, chiles in vinegar, and other necessities. The credit will help him improve his business, which is the only well-stocked store in the community. His dream is to make his shop a little bigger so that the products fit better. The other members of his lending group are called Virginia, Susana, Angelina, Maria Regina, Fernanda, Carmen, Celia, Bulmaro, Esperanza, and Marcia. They will invest their portions of the loan money in items for their businesses, such as buying a horse for working plots of land, purchasing sheep and food for the sheep, buying a cow for milking, and buying men's and women's clothing, sweets, and other items for sale.
View original language description ↓
Don Tomas tiene 47 años de edad es originario de una comunidad indígena mazahua, población que colinda con los límites del Estado de Michoacán con el Estado de México, no es de muy fácil acceso la llegada a la comunidad ya que casi no hay transporte para esa población y uno tiene que caminar para agarrar el micro que pasa. Don Tomas es parte de un grupo llamado Las Palomas dice que es la primera vez que entra a un grupo de personas para pedir un crédito y que lo está solicitando porque tiene una tienda de abarrotes en su comunidad la cual quiere surtir con el crédito que le hagan, dice que cada semana se va a la población de Zitacuaro a comprar los artículos que vende y que también compra verdura para que la gente de su comunidad no gaste pasajes el procura por tener bien surtido su changarro y dice que si le dan el crédito comprara jitomates, chiles, cebollas, papas, huevo, frijol, habas, arroz, chocolate, azúcar, sal, cerillos, focos, aceite para cocinar, sopas, refrescos, plátanos, papel higiénico, atún, sardinas, chiles en vinagre, y más productos de primera necesidad. Dice que el crédito le servirá para mejorar su tienda ya que es la única que esta bien surtida, su sueño de don Tomas es hacerla un poco mas amplia para que los productos quepan mejor y que fuera de material ya que es de tablas de madera. Los otros integrantes del grupo se llaman Virginia, Susana, Angelina, Maria Regina, Fernanda, Carmen, Celia, Bulmaro, Esperanza y Marcia ellos invertirán en un caballo para rentarlo en las parcelas, para la compra de borregos y alimento para este, para la compra de una vaca lechera, para la compra de ropa para damas y caballeros, para dulces para su venta, para la compra de artículos para 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

  • $15,600
    Average annual income
  • 26
    View loans »
    Mexico Loans Fundraising
  • $19,067,200
    Funds lent in using Kiva
  • 12.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Palomas Group's $4,125 loan helped a member to buy fruits, vegetables, and other items for a small grocery/general store, such as: tomatoes, chile peppers, onions, potatoes, eggs, beans, rice, chocolate, sugar, salt, matches, light bulbs, cooking oil, soups, soft drinks, plantains, toilet paper, tuna, sardines, chiles in vinegar, and other necessities.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 16, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013