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Rivera Del Rio Group
In this Group: Nicolasa , Jovita , Quirino , Mauro , Maria Elena , Rebeca , Miguel Angel
Rivera del Rio is the name of a communal bank formed by 7 members, with different economic activities. The group is located in San Miguel Soyaltepec. They chose this name because it is the name of the street where they have their meetings. It is located a few meters from the river from the reservoir Cerro de Oro.
Quirino is one of the members of the communal bank. He is married and has three children. They are all studying, but one of them is already in college. Quirino only has primary studies because studying was difficult and expensive, so he approached an acquaintance who was a carpenter and asked for a job. He learned the trade quickly and when he grew up decided to open his own furniture workshop. He has been doing this for 20 years and over the years he has earned a reputation for doing a good job. Quirino also says that thanks to his workshop he has provided for his family and has opened other smaller businesses such as a car wash business. He also bought a sound system to provide music for parties.
Quirino is very happy and he says his businesses are also family businesses because in the afternoons he teaches his children the trade.
He is asking for a loan to purchase wood, glue, nails, etc., and also for maintenance for his equipment.
Quirino hopes his business will continue to prosper so he can offer his children the opportunity to study for a professional degree.
View original language description ↓
Rivera del Rio es el nombre de un grupo integrado por 7 personas, cada una de ellas tiene actividades Económicas. Este grupo está ubicado en San Miguel Soyaltepec y decidieron dar este nombre a su grupo ya que así se llama la calle donde realizan sus reuniones y a solo, unos metros pasa el rio de la presa Cerro de Oro.
Don Quirino es uno de los integrantes de este grupo es casado y tiene tres hijos, todos estudian pero uno de ellos ya está en la Universidad. El platica que solo estudio la primaria porque era muy difícil y costoso el estudio. Así que se acercó a un conocido que tenia quien era carpintero, le pidió empleo y aprendió muy rápidamente este oficio, cuando fue mayor decidió poner su propia Carpintería. El ya tiene 20 años realizando esta actividad y al pasar el tiempo ha ganado popularidad por sus buenos trabajos, también plática que gracias a su taller de carpintería a sacado adelante a su familia y a abierto otros pequeños negocios como un auto lavado y compro un sonido para dar ambiente en las fiestas.
El está muy contento y dice que sus negocios son familiares ya que por las tardes enseña a sus hijos a trabajarlos.
El ha solicitado este crédito para invertirlo en la compra de madera, resistol, clavos y dar mantenimiento a sus maquinas.
Don Quirino espera que este negocio continúe prosperando y así poder brindar a sus hijos la oportunidad de estudiar una carrera profesional.

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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $17,954,125
    Funds lent in using Kiva
  • 12.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Rivera Del Rio Group's $5,725 loan helped a member to purchase wood, glue, nails and to provide maintenance for his equipment.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 8, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013