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Periquitas (Flat) Group
In this Group: Paula Delia, Mireya, Silvia, Alicia
Las Periquitas (Flat) is the name of this communal bank of four people. Each member has a different business activity aimed at improving their families' lifestyles. The group is located in a small community surrounded by sugar cane fields, with sugar cane cultivation being the main business activity in this area.

Paula sells shoes and underwear by catalogue and on a door-to-door basis in her community and nearby villages. For five years she has been in business helping her husband cover household expenses and providing the basic needs for their three children.

She says she enjoys her work because it allows her free time and has provided her with good friendships. A loan from VisionFund and Kiva will give Paula the opportunity to expand her business by buying more catalogues, shoes and underwear. Paula's additional income will allow her to give her family a better lifestyle.

The other members of the group are:
Mireya, grocery sales
Silvia, jewelry sales
Alicia, fruit and vegetables sales
View original language description ↓
Las Periquitas (Flat) es el nombre de un grupo integrado por 4 personas, cada una de ellas desarrolla una actividad económica con el objetivo de brindar una mejor calidad de vida a sus familias. El grupo está ubicado en una pequeña comunidad rodeada por sembradíos de caña de azúcar y la principal actividad económica es la siembra y cultivo de caña de azúcar.

Paula tiene un negocio de venta de zapatos y ropa interior a través de pedidos por catálogo. Paula realiza sus ventas casa por casa en su comunidad y los pueblos cercanos desde hace cinco años para ayudar a su marido con los gastos del hogar y poder cubrir las necesidades básicas de sus tres hijos.

Ella comenta que le gusta mucho su negocio ya que lo realiza en su tiempo libre y ha logrado buenas amistades. Un préstamo de VisionFund y de Kiva dará a Paula la oportunidad de ampliar su negocio con la compra de más catálogos, zapatos y ropa interior. Con los ingresos adicionales que obtendrá, Paula será capaz de proporcionar una vida mejor para su familia.

Los demás integrantes del grupo son:
Mireya venta de abarrotes
Silvia venta de bisutería
Alicia venta de frutas y legumbres

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
  • 22
    View loans »
    Mexico Loans Fundraising
  • $18,753,000
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Periquitas (Flat) Group's $850 loan helped a member to buy shoes and underwear.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014