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Banco De Piedra Group
In this Group: Laura, Francisca, Basilia, Maria Alberta, Rosa , Mario, Teresa
The group Banco de Piedra (Stone Bank) is made up of seven members; they live in a very quiet community where the people generally make a living in growing corn. They selected this name for their group because in the community where they live, there is a bank where the people extract stone; they then use this stone to construct their homes.

Teresa is the featured member of this group. She is twenty-eight years old and has lived in a common-law marriage with Iván for seven years. Iván is a bricklayer. Together, they have formed a family with one son; he is studying in primary school. Tere has made a living in selling beauty products for five years. She says: "I began selling beauty products because a woman came to my house and offered me these same cosmetics and clothes. This same person was the individual who motivated me to start my own business." Furthermore, this activity allows Tere to be with her son without having to leave him alone for a lot of time. She is also able to help her husband with the home expenses and with her son's education. Tere says that in the afternoons and in her free moments, she visits with her female neighbors in order to offer them her products and to also show them her brochures.

This time, Tere is requesting a loan in order to buy more cosmetics and perfumes that her clients have requested. The only difficulty that Tere deals with is when some clients get behind with their payments; this makes it hard for her to be able to cover her own payments that she makes every two weeks. From there on out, it's nothing too serious.

This doesn't prevent Tere from having dreams: "One day, I want my son to finish his studies for a profession that he likes and that will allow him to have a better quality of life." She knows that in order to achieve this, she has to have a higher income, since her son wants to study computer science. She will do this through her business.

Tere has goals, just like the rest of the group members. For this reason, they are requesting a loan from the institution in order to invest in their businesses: Mario and María Alberta will invest in their grocery stores; Laura, Francisca, Rosa, and Basilia will invest in raising and fattening lambs. They are very happy and thankful to Vision Fund and to Kiva for the loan that has been offered to them.
View original language description ↓
El grupo Banco de piedra está conformado por siete integrantes, el grupo se encuentra ubicado en una comunidad muy tranquila donde generalmente las personas se dedican al cultivo de maíz. El nombre del grupo lo eligieron porque en la comunidad donde viven hay un banco donde se extrae la piedra la cual se utiliza para construcción de las viviendas.
Tere quien es integrante del grupo cuenta que tiene 28 años de edad vive en unión libre con Iván desde hace siete años quien es albañil, juntos han formado una familia con un niño que se encuentra estudiando su educación primaria. Tere se dedica a la venta de productos de belleza desde hace cinco años, Tere comenta "Inicie con la venta de mis productos de belleza porque una señora venia a mi casa a ofrecerme los mismos cosméticos y ropa, esta misma persona fue quien me motivo para iniciar con mi propio negocio". Además, es una actividad que le permite a Tere estar con su niño sin tener que descuidarlo por mucho tiempo por lo que también puede ayudar a su esposo con los gastos del hogar y la educación de su hijo. Tere plática que en las tardes y cuando está en sus ratos libres visita a sus vecinas para poder ofrecerle sus productos para también mostrarles sus folletos. Esta Vez Tere está solicitando crédito a la institución para comprar más cosméticos y perfumes que le han solicitado sus clientas. La única dificultad que está presentando Tere es cuando algunas se retrasan con los pagos lo que se le dificulta poder cubrir cubrir su cuota que paga quincenalmente de ahí en fuera nada grave, esto a Tere no le impide tener sueños "Quiero que algún día mi hijo termine una carrera profesional que más le agrade y le permita tener una mejor calidad de vida" Aunque sabe que para lograr esto ella tiene que tener un mejor ingreso por lo que quiere estudiar computación piensa conseguirlo mediante su negocio. Tere tiene metas, así como el resto de los integrantes del grupo es por eso que están solicitando crédito a la institución para poder invertirle a sus negocios Como Don Mario y María Alberta invertirá en sus tienda de abarrotes, Laura, Francisca, Rosa, Basilia, invertirán en cría y engorda de borregos, por eso ellos están muy contentos y agradecidos con Vision Fund y KIVA por el crédito otorgado.

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
  • 14
    View loans »
    Mexico Loans Fundraising
  • $17,541,600
    Funds lent in using Kiva
  • 12.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco De Piedra Group's $6,650 loan helped a member to buy beauty products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013