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Novedades Brayan Group
In this Group: Raquel, Emma, Maricela
"Novedades Brayan" communal bank is made up of family members, three enterprising women. Each one has her own business: Raquel sells clothing, Maricela sells backpacks and shoes and finally Emma sells clothing.

Emma says she is 40 years old and is married to Narciso. Together they make a family with 8 children although only one of them is still dependent on them, studying in Secondary School.

Emma is requesting this loan from VisionFund and Kiva to buy more clothes, cloth, thread, yarn etc. She has done this business for 19 years. She comments," I started selling clothing myself as there where so many children. I had to do something to help with the household expenses and the education of my children". She started selling accessories in the small plazas and villages. She remembers that although she didn't have a fixed place to sell the revenues were good. However little by little she was able to save enough to rent a more stable commercial spot so she didn't have to trudge through the streets. This was when she decided to sell clothing of all sorts.

She has had this place for 3 years. It is located in another municipality. Emma's difficulty is that the rent is very expensive and she has not been able to find another at a better price. She pays 4000 MXN monthly. At first she paid half that, but the rent has increased little by little climbing to that amount. This does not discourage her, just the opposite. She is very hard-working and needs this income to continue paying this rent. It is much better to have the stable location than to carry her merchandise home with her at night, which for Emma would be a lot more work. "I would not want to lose this place as it is difficult to get a place. My only goal is to continue to support my child with his studies. I would love to see him become a professional as he would be able to enjoy a better quality of living".

The three members of the group are grateful with the institutions for the loan as they can invest in their businesses and be able to offer a higher quality of living to their families.
View original language description ↓
Novedades Brayan es un grupo integrado por familiares, las tres son mujeres muy emprendedoras, cada una ellas tiene su propio negocio: Raquel se dedica a la venta de ropa; Maricela, a la venta de mochilas y zapatos y finalmente Doña Emma, a la venta de ropa.

Doña Emma dice tener 40 años de edad, está casada con el señor Narciso y juntos formaron una familia con ocho hijos de los cuales ya solo uno depende de dicha pareja y aún se encuentra estudiando la preparatoria. Doña Emma está solicitando un crédito a VisionFund y a KIVA para comprar más ropa, tela, hilos, estambres entre otras cosas. El negocio de Doña Emma tiene ya 19 años, ella comentó: “Inicié con la venta de ropa yo misma porque nuestros hijos eran muchos y de alguna manera yo necesitaba ayudar con los gastos del hogar y la educación de mis hijos". Fue así que Emma comenzó a vender artículos de fantasía en las plazas chicas y pueblitos, recuerda que entonces no tenía un local fijo, pero aun así sus ganancias eran buenas. Sin embargo, poco a poco ahorró para poder pagar la renta de un local más estable para no caminar mas entre las calles y fue cuando también decidió vender ropa de todo tipo. En su local tiene ya tres años y su negocio se encuentra en otro municipio. La dificultad de Doña Emma es la renta del mimso local porque el pago mensual es muy caro y no ha podido conseguir otro a mejor precio, cada es debe pagar $4,000 MXN anteriormente pagaba solo la mitad pero poco a poco la renta ha ido aumentando hasta llegar a ese costo. Doña Emma no se desanima ante esta situación, todo lo contrario, ella es muy trabajadora y necesita de sus ganancias para poder seguir pagando esa renta, además de que es mejor tener un local estable de lo contario todos los días tendría que trasladar su mercancía hasta su casa, esto implicaría mucho más trabajo para Doña Emma. “No me gustaría perder este local porque ya es muy difícil conseguir un establecimiento, mi única meta es poder seguir ayudando a mi hijo con sus estudios, me encantaría verlo con una carrera profesional para que así pueda tener una mejor calidad de vida”. Las tres integrantes del grupo están muy agradecidas con las instituciones porque con su crédito podrán invertir en su negocio y así podrán ofrecer una mejor calidad de vida a 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

  • $11,249
    Average annual income
  • 12
    View loans »
    Mexico Loans Fundraising
  • $17,551,825
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Novedades Brayan Group's $2,525 loan helped a member to buy more clothes, cloth, thread, yarn etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014