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Luz 51 Group
In this Group: Brenda Dolores , Imelda Sarahi, Johana Yaresy, Maria De La Luz, Martha Pascuala, Mireya*, Nancy Veronica, Norma Irene, Rosa Maria , Veronica
* not pictured
Luz 51 is a solidarity group that's beginning its loan cycle. It's made up of ten very responsible women who have known each other for seven years.

Rosa, 56, is married and has five children, all of them married adults who work. She makes a living selling tamales on order.

The loan will help Rosa invest in ingredients to be able to fill more orders. She wants to get ahead with her business.
View original language description ↓
Luz 51 es un grupo solidario que esta comenzando con su crédito. Esta integrado por 10 mujeres muy responsables que se conocen desde hace 7 años. Rosa es una persona de 56 años, casada y tiene 5 hijos, todos son mayores de edad, son casados y trabajan. Ella se dedica a la venta de tamales por pedido y el crédito la ayudará a invertir en materia prima para poder hacer mayor cantidad de pedidos. Ella quiere salir adelante con su negocio.

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
  • 4
    View loans »
    Mexico Loans Fundraising
  • $17,325,200
    Funds lent in using Kiva
  • 13.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Luz 51 Group's $2,550 loan helped a member to buy ingredients for tamales.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 13, 2014