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Barrio La Cañada Group
In this Group: Irma , Maria Elsa, Adriana, Rosario, Ma Rosario*, Maria Veronica, Maria Juana, Ma Marcelina
* not pictured

Update on Barrio La Cañada Group

The group “Barrio La Cañada” consists of eight women. All of them are hardworking and possess the drive to succeed in their businesses and to help their families get ahead. They have known each other for several years and over time they have established a great and sincere friendship.

These women live in a Mazahua community where some of the people communicate in their indigenous language. A few of the women still wear traditional garments that stand out because of their bright colors. Other things that their community is known for are the green pastures and lush vegetation that exist against a backdrop of beautiful rolling hills.

Adriana, age 27, is a member of this group. She only has a high school education and is always known for being cheerful and in very good humor. Adriana and her husband Ángel are in a common-law relationship. He works as a bricklayer and the two of them have formed a family that has five children, two of whom are in school.

Adriana has managed a grocery store for the past five years. This time she is requesting a loan in order to buy more grocery products such as bread, eggs, milk, soft drinks, canned goods, and other items. She says that she opened her grocery store because there were no other places to buy products in the area where she lives. Thanks to the loans, Adriana says that she has been able to maintain her grocery store and acquire a little bit of everything so that she can keep her customers happy with her service.

Adriana’s business is doing very well. Every day she is able to generate a good amount of revenue from her sales. Her only challenge she faces now is the competition from other stores nearby. However, she is not discouraged by this situation. On the contrary, she wakes up early every day so that she can begin working. Adriana hopes that her revenues don’t decline because her only ambition in life is to have a larger shop and convert it into a variety store.

Adriana says, “My greatest wish is to help my children with their studies since I was not able to continue my education.” The members of this group are grateful because the loan will keep their businesses going and allow them to expand, as well as increase their profits. Doña Irma, María Elsa, Verónica, and María Juana will invest in their grocery stores. Rosario and Ma Rosario will invest in clothing. Marcelina will buy chickens.
View original language description ↓
El grupo “Barrio La Cañada” está integrado por ocho mujeres todas muy trabajadoras con muchas ganas de poder sobresalir en sus negocios y sacar adelante a su familia, se conocen desde hace ya varios años con el tiempo han llegado a construir una gran y sincera amistad. Ellas viven en una comunidad mazahua algunas personas aun se comunican en su lengua indígena, ya son muy pocas las mujeres que aun lucen sus trajes típicos caracterizados por sus colores muy llamativos. Algo muy característico de la comunidad donde se ubica el grupo es su pastizal muy verde y los hermosos paisajes de cerros muy frondosos. Adriana quien es integrante del grupo tiene 27 años de edad, solo estudio hasta la secundaria, se caracteriza por ser muy alegre siempre está de muy buen humor, vive en unión libre con su esposo Ángel quien trabaja como albañil, juntos han formado una familia con cinco niños de los cuales dos se encuentran estudiando. Adriana tiene una tienda de abarrotes desde hace ya cinco años. Esta vez está solicitando el crédito para comprar más productos de abarrotes como pan, huevo, leche, refrescos, productos enlatados, etc. Adriana platica que inició la tienda de abarrotes porque donde vive no había tienda para adquirir algún producto. Ella platica que gracias al crédito ha podido mantener su tienda de abarrotes, procura tener siempre un poco de todo para así tener a sus clientes contentos con su servicio. El negocio de Adriana marcha muy bien, tiene buenas ganancias todos los días tiene ventas, su único inconveniente es la competencia de las demás tiendas cercanas a las suyas pero esta situación no la desanima sino todo lo contrario todos los días se levanta desde muy temprano para iniciar a trabajar .Adriana espera no bajar sus ganancias porque su única ambición en la vida es llegar a tener una tienda más grande y a convertirla en una miscelánea. Adriana comento: “Mi más grande deseo es ayudar a mis niños con sus estudios ya que yo no pude seguir estudiando". Los integrantes del grupo están agradecidos porque el crédito lo emplearán en sus actividades económicas lo que quizás les ayudara a aumentar sus ganancias y ampliar su negocio. Doña Irma y María Elsa, Verónica y María Juana invertirán en sus tiendas de abarrotes; Rosario y Ma Rosario invertirán en ropa y Marcelina en pollos.

Previous Loan Details

The "Barrio La Canada" (La Cañada district) group is made up of eight very hardworking women who all share the same determination to excel in their businesses and support their families. They have known each other for a number of years and during this time they have built up a close and sincere f... More from Barrio La Cañada 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.

Tags

About Mexico

  • $15,600
    Average annual income
  • 38
    View loans »
    Mexico Loans Fundraising
  • $19,068,050
    Funds lent in using Kiva
  • 13.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Barrio La Cañada Group's $5,050 loan helped a member to buy bread, eggs, milk, soft drinks, canned goods, and other items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 12, 2014
Listed
Mar 10, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Barrio La Cañada Group. It was first posted on Kiva on Nov, 2013. Learn More