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La Guadalupe Group
In this Group: Raúl, Marha Leticia , José Luis, Jorge Alberto
The communal bank "La Guadalupe" is comprised of four people and located in the community of San Miguel Soyaltepec, which is on the shores of the Temaxcal Lake. This helps trade in the area since many locals are involved in fishing and people from neighboring communities come here to buy "mojarra" fish.

Martha is a member of this small group. She is 37 years old and only has a secondary education. She is married to Raymundo who emigrated to the United States in search of better work. She has three children, Erika, 19, who goes to the university, Nieves, 15, in high school and Raymundo, 13, in junior high.

She says some years ago she took a course on making costume jewelry and typical regional costumes. She learned it well and liked it, and decided to set up a small workshop in her home to make costume jewelry (earrings, bracelets, rings and necklaces) and embroidered regional costumes. What she enjoys most about her work is that she can be creative to come up with different styles of earrings, bracelets, rings and necklaces that her customers will like. She works on the jewelry at home but in the afternoon goes to friends' and neighbors' houses to sell her products. Sometimes she receives orders for custom designs. Martha says she earns more from the regional costumes because by selling one she can make the same amount of money as she does with one month's sale of jewelry.

She has requested a loan through VisionFund to buy threads, fabrics, rhinestones and a punch press to continue with her craft work. In the future she wants to renovate the workshop and rent a shop to display and sell her products.

The other members of the group are:
Raúl, who runs a mechanic workshop
José Luis, who is in the publicity business
Jorge, who is in the transportation business
View original language description ↓
La Guadalupe es el nombre de un grupo integrado por 4 personas, este grupo está ubicado en la comunidad de San Miguel soyaltepec el cual esta a la orilla de la laguna de Temaxcal la cual ayuda a que el comercio fluya en la comunidad ya que mucha gente se dedica a la pesca y la gente de las comunidades recabas acuden a comprar la mojarra.

Martha es una de las integrantes de este pequeño grupo tiene 37 años de edad, sólo estudió la secundaria y esta casada con Raymundo que emigró a Estados Unidos en busca de un mejor trabajo, ella tiene tres hijos Erika de 19 años estudia la universidad, Nieves de 15 años estudia la preparatoria y Raymundo de 13 que asiste a la secundaria.

Ella comenta que hace algunos años asistió a un curso de elaboración de bisutería y trajes típicos de la región, como aprendió muy bien y le gustó mucho decidió poner en su casa un pequeño taller en el cual elabora bisutería(aretes, pulseras, anillos y collares) además elabora trajes típicos bordados. Ella dice que lo que más le gusta de su actividad es que usa su ingenio y puede crear diferentes modelos en aretes, pulseras, anillos y collares y a sus clientes les gustan. Ella realiza la creación de su bisutería en su casa pero por la tardes sale a las casas de sus amigas y clientes a ofrecer sus productos en algunas ocasiones le hacen pedidos con los diseños que a sus clientes le gustan, Martha platica que le deja más ganancias los trajes típicos ya que con la venta de uno gana lo que ganaría en un mes vendiendo pulseras.

Ella ha solicitado un crédito de VisionFund porque quiere invertir en la compra de variedad de hilos, telas, pedrería, un taladro y una prensa para continuar con su labor artesanal.
Ella espera a futuro terminar de acondicionar su taller y poder rentar un local en el cual mostrar y vender sus productos.
Los demás integrantes del grupo son:
Raúl taller mecánico
José Luis servicio de publicidad
Jorge servicio de transporte

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
  • 3
    View loans »
    Mexico Loans Fundraising
  • $17,739,950
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Guadalupe Group's $3,675 loan helped a member to buy a variety of threads, fabrics, rhinestones, and a punch press.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 22, 2013
Listed
Nov 13, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014