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1Ero De Mayo Group
In this Group: Braulia, Adela, Luis Ricardo , Estela, Alejo, Rosa Isela, Monica Janet, Selene, Araceli*
* not pictured

Update on 1Ero De Mayo Group

Alejo is one of the members of the 1Ero de Mayo [1st of May] group. He has been working in business for 7 years. He says he has always lived in the same district and this is where he decided to open a grocery shop, with the intention of providing a service to his neighbours and earning his own money. He says he began by just selling soft drinks and sweets and gradually the shop has grown and currently is a grocery store. He thinks what makes his shop different is the good service and his prices. He also says that various shops have opened up in the district but they haven't worked out. His has kept going because he knows how to run the business and have patience. What he likes most about his business is that every day he has contact with people and he has made good friendships.

A loan from VisionFund and Kiva will help him to buy beans, oil, drinks, soup, rice, sweets, cookies, canned products, chips and juices to stock his business. He hopes that with this investment his business will have a better variety of products to attract more customers and increase his profits.

The other members of the group are:

Araceli: sells "antojitos" [Mexican snacks]
Braulia: sells clothing
Adela: sells footwear and lingerie
Luis Ricardo: pharmacy
Estela: knitwear
Rosa Isela: sells clothing
Mónica: sells food
Selene: nutrition club
View original language description ↓
Don Alejo es uno de los miembros del grupo 1Ero de Mayo. Él se ha dedicado al comercio desde hace 7 años; platica que siempre ha vivido en la misma colonia y donde decidió poner una tienda de abarrotes con la intención de brindar un servicio a sus vecinos y ganar su propio dinero. Él dice que inició vendiendo sólo refrescos y dulces y poco a poco el negocio ha crecido y actualmente es una tienda de abarrotes. Él piensa que lo que hace diferente su tienda de es el buen servicio y sus precios. También comenta que se han abierto ya varias tiendas en su colonia, pero no han funcionado; la suya se mantiene ya que ha sabido administrase y tener paciencia, lo que más le gusta de su negocio es que todos los días está en contacto con las personas y ha hecho buenas amistades. Un crédito de VisionFund y Kiva le ayudara a comprar frijol, aceite, refrescos, sopa, arroz, dulces, galletas, productos enlatados, frituras y jugos para resurtir su negocio.

Él espera que con esta inversión su negocio tenga más variedad de productos para ganar más clientes y aumentar sus ganancias.

Los demás integrantes del grupo son:
Araceli venta de antojitos mexicanos
Braulia venta de ropa
Adela venta de calzado y lencería
Luis Ricardo farmacia
Estela tejido
Rosa Isela venta de ropa
Mónica venta de comida
Selene club de nutrición

Previous Loan Details

This group is called 1Ero de Mayo and is made up of 8 people. These people came together to form a group as they are neighbors and they have in common business enterprises and the enthusiasm to make them prosper in order to give their families a better quality of life. Braulia is one of the me... More from 1Ero De Mayo Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 1
    View loans »
    Mexico Loans Fundraising
  • $17,777,925
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of 1Ero De Mayo Group's $3,675 loan helped a member to buy rice, beans, oil, canned products, cookies, sweets, chips, sodas, juices, soup, soap, and toilet paper.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014