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Grupo C Group
In this Group: Arturo, Azucena, Irma
The C group consists of three members who are family members and belong to a very peaceful community which is part of the municipality of San Felipe del Progreso. This is the first time they are requesting a loan from Vision Fund México and Kiva.

Arturo is the group representative. He relates that he’s 35-years-old and in a common law relationship with María. They have formed a family together with three children two of which are in pre-school. Arturo relates: “We were obliged to request a loan because my father signed us up for government assistance program. We requested a grocery store. The three members of the group are in the project. Our request was approved and we will get the cash so that we can buy the groceries. However, they are asking us for an equal percentage in cash and this is why we are requesting the loan. We are very grateful and committed to the institution because for us having a business of our own is a very good opportunity.”

Irma and Azucena will manage the grocery store. None of them have ever had a business; this is their first time and they are very hopeful that everything will turn out well. The dream the three of them share is for each one of them to become independent with their respective businesses to improve their families’ quality of life.
View original language description ↓
El grupo C está integrado por tres integrantes que son familiares, ellos pertenecen a una comunidad muy tranquila aun esta dentro de la zona del municipio de San Felipe del Progreso. Es la primera vez que están solicitando crédito a VisionFund Mexico y KIVA. Arturo quien quedo como representante del grupo platica tener 35 años de edad vive en unión libre con la señora María juntos han formado una familia con tres niños dos de sus hijos se encuentran estudiando el preescolar. Arturo platica “Nos vimos obligados a solicitar un crédito porque mi papá nos inscribió a un apoyo de gobierno, solicitamos una tienda de abarrotes en el proyecto nos encontramos los tres integrantes del grupo, nuestra solicitud fue aprobada nos entregaran el efectivo para que nosotros compremos los productos de abarrotes, sin embargo nos están solicitando un porcentaje igual en efectivo, es por eso que estamos solicitando el crédito, nosotros estamos muy agradecidos y comprometidos con la institución porque para nosotros es una muy buena oportunidad tener un nuevo negocio propio” Las encargadas de la tienda de abarrotes serán Irma y Azucena. Ningún de ellos han tenido un negocio es la primera vez tiene muchas esperanzas por que todo salga bien, el sueño de los tres es llegar a independizarse cada uno con sus negocios correspondientes para mejorar la calidad de vida de sus familias.

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
  • 19
    View loans »
    Mexico Loans Fundraising
  • $18,749,475
    Funds lent in using Kiva
  • 12.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo C Group's $1,600 loan helped a member to buy stock merchandise for their store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2013
Listed
Sep 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013