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Peña Blanca Group
In this Group: Emilia, Catalina, Gerarda, Elodia
Emilia is from a town called Donanciano Ojeda where most of the residents still speak their native language, Otomí. The main source of employment in this area is making crafts from ‘ocoshal,’ a raw material that comes from pine trees and that’s formed into beautiful creations like napkin holders, jewel boxes, tortilla baskets, jugs, fruit bowls and many other crafts.

Emilia is in a group of people who are asking for a loan to improve their businesses. The group is called “Peña Blanca” (White Cliff). She works making crafts and also has a peach and avocado orchard that’s she’s been working hard at for five years already. She says that she’s already had several harvests that she sells by the bucketful to the wholesale food market in Zitácuaro thus earning more. She also sells the peaches and right now she’s asking for a loan to buy organic manure and insecticide to improve her trees. She says that thanks to the loans she’s gotten from the loan company she’s been able to improve her orchard since she used to just own the land but didn’t grow anything on it. Thanks to training they gave her on how to improve her quality of life by means of the loans she started to work her land and improve her profits.

She had four children but only two who are attending primary school still live with her; the others are married. The other group members are Catalina, Gerarda and Elodia. They will invest in their businesses. They will buy stock merchandise for the grocery store, will buy supplies to improve the avocado orchard and will buy supplies needed to make crafts.
View original language description ↓
Doña Emilia es originaria de una población llamada Donaciano Ojeda, donde la mayoría de las personas todavía hablan su lengua materna que es el otomí, la principal fuente de empleo de esa localidad es la artesanía hecha en ocoshal materia prima que se saca de los pinos la cual recolectan para dar forma a hermosas creaciones como servilleteros, alhajeros, tortilleros, jarrones, fruteros y muchas artesanías mas, doña Emilia esta en un grupo de personas que piden crédito para mejorar sus negocios, su grupo se llama Peña Blanca, ella se dedica a la elaboración de artesanía y también tiene una huerta de duraznos y aguacates con el cual ya tiene 5 años trabajando muy duro, dice que ya ha tenido varias cosechas y que va y las vende a la central de abastos de Zitacuaro por cubetas ya que así le gana más, también vende los duraznos y ahorita está pidiendo un crédito para la compra de abonos orgánicos, insecticidas para mejorar sus árboles, dice que gracias a los créditos que le ha hecho la financiera ella ha mejorado su huerto ya que antes nada mas tenia los terrenos y no los trabajaba, gracias a que le dieron una capacitación de cómo mejorar su calidad de vida a través de los créditos ella empezó a trabajar sus terrenos y así poder mejorar sus ganancias. Ella tuvo 4 hijos pero nada mas dos viven con ella ya que los otros se casaron y ahorita van a la escuela en la primaria. Las demás integrantes del grupo se llaman Catalina, Gerarda y Elodia ellas invertirán sus negocios en la compra de artículos para surtir tienda de abarrotes, en la compra de insumos para mejorar sus huertas de aguacate y en la compra de material que ocuparan para hacer artesanía.

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.

Tags

About Mexico

  • $11,249
    Average annual income
  • 27
    View loans »
    Mexico Loans Fundraising
  • $18,007,675
    Funds lent in using Kiva
  • 12.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Peña Blanca Group's $2,450 loan helped a member to buy agricultural supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 26, 2013
Listed
Aug 5, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014