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Centro De Riyos Group
In this Group: Jose Angel , Zeferino, Maria Agustina, Jorge
The communal bank “Centro de Rioyos” comprises four responsible members, four men and a woman. They live in a Mazahua community and selected the group's name because the area where they live is called Rioyos. It has several neighborhoods. Some residents still speak the Mazahua language, and some women still wear the traditional, colorful Mazahua necklaces that make their garments so beautiful. The most notable festival honors St. Peter, the patron saint of Rioyos.

Ángel, 66, belongs to the group and has been married to Crecencia for many years. They have seven independent children. For 18 years, Ángel has owned a small grocery shop, a business he started because his father also owned a store. Ángel says that the income his father earned inspired him to open his own grocery store. As Ángel is older, he would have a hard time finding a job, but the store allows him to pay expenses.

Ángel has applied for a loan to buy items like bread, eggs, milk, sugar, salt, and detergent. Ángel calls his store “La Mesa del Rincón” (Corner Table) because there has always been a wooden table in the same spot in the corner of his store. The only business problem Ángel faces is competition. However, he has many friends who are regular customers, so he doesn't worry much about competition. He says, "My only goal is seeing the store prosper, as I would not want to close it."

The other members are also grateful for the loan, which will help them invest in their businesses and slowly see them prosper. Jorge will invest in his smithy. Agustina and Zeferino will invest in their grocery stores.
View original language description ↓
El grupo “Centro de Rioyos” está conformado por cuatro integrantes todos muy responsables son tres hombres y una mujer pertenecen a una comunidad mazahua ellos mismos eligieron el nombre de grupo porque asi se llama su comunidad Rioyos y viven en el centro de dicha comunidad, esta se encuentra dividida en varios barrios, algunas personas aun conservan su lengua mazahua, ciertas mujeres aun visten su traje típico mazahua muy coloridos collares que aun hacen mas hermoso su vestimenta. Las fietas mas conmemorada es la de San Pedro quien es el patrono de la comunidad de Rioyos. Don Ángel quien es miembro del grupo tiene 66 años de edad esta casado con la señora Crecencia desde hace ya varios años juntos formaron una familia con siete hijos de los cuales ya ninguno depende de dicha pareja. Don Ángel tiene una pequeña tienda de abarrotes desde hace 18 años cuenta que inicio su negocio porque su papá anteriormente también tenía una tienda de abarrotes Don Ángel comenta “Yo veía las buenas ganancias gracias al negocio de la tienda fue como quise iniciar mi propia tienda de abarrotes” Don Ángel es un hombre mayor difícilmente le darán un trabajo pero con su tienda de abarrotes puede solventar muy bien sus gastos. Esta Vez Don Ángel está solicitando un crédito para comprar productos de abarrotes como pan, huevo, leche, azúcar, sal, detergentes, etc. La tienda de Don Ángel lleva por nombre “La Mesa del Rincón” porque en la tienda siempre había una pequeña mesa de madera y siempre permaneció en el mismo lugar en el rincón. En el negocio de Don Ángel no tiene ninguna dificultad solo la competencia que tiene, sin embargo El tiene muchos amigos siempre ha considerado a sus clientes sus amigos por la competencia no se preocupa, “ Mi única meta es ver mi tiendita prosperar, no me gustaría cerrarla” comento el señor Ángel, El resto de los integrantes esta muy agradecido al igual que Don Angel por el préstamo para ellos será de gran ayuda asi podrán invertir en su negocios y verlos prosperar poco a poco. Jorge invertirá en su herrería, Doña Agustina y Don Zeferino invertirán en su tienda de 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

  • $11,249
    Average annual income
  • 7
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    Funds lent in using Kiva
  • 12.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Centro De Riyos Group's $4,350 loan helped a member to buy household items such as milk, soap, and beverages.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2013
Listed
Aug 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014