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Progreso 2 Group
In this Group: Amalia Piedad , Teresita , Zenaida , Venancia , Rafaela , Benedicta , Anayhely *
* not pictured
Sugar cane production is the main business for people living in Vicente Camalote and nearby communities all year round. Milling the cane at the "La Margarita" factory takes six months and the rest of the year is for repair.

In Oaxaca there are several women who make up the communal bank "Progreso 2" which is requesting a loan through VisionFund Mexico. They chose that name because the loan enables them to progress. The members and their businesses are: Amalia - natural product sales; Benedicta - snack sales; and Anayhely - snack sales.

Amalia has been selling natural products for four years. She has a club and earns a good profit. The loan she is requesting is to renovate parts of her locale, and buy juicers, glasses, benches, two fans and different flavored malts.

Her greatest dream is to establish a mini-chain of locales in different communities and expand more. She enjoys what she does because she says it is wonderful to help people with the products she sells.
View original language description ↓
La producción de caña es la actividad a la que la mayoría de las personas de Vicente Camalote y las comunidades cercanas se dedican durante todo el año y la molienda de caña por parte del ingenio La Margarita demora 6 meses, mientras que los otros 6 son de reparación.

En Oaxaca varias señoras formaron un grupo para solicitar un préstamo a VisionFund México el nombre del grupo es Progreso 2 comentan que el nombre lo eligieron porque el préstamo les permite progresar, las integrantes del grupo y sus actividades son las siguientes: Amalia- Venta de productos naturistas, Teresita-Venta de abarrotes, Zenaida- Venta de ropa, Venancia- Venta de Cosméticos, Rafaela- Venta de manualidades (tejido), Benedicta-Venta de antojitos, Anayhely-Venta de antojitos.
Doña Amalia se ha dedicado desde hace ya 4 años a la venta de productos naturistas, tiene su club con el cual ha obtenido muy buenas ganancias. El préstamo solicitado lo utilizará para realizar algunas remodelaciones en el local, comprar licuadoras, copas, bancos, 2 ventiladores y malteadas de diferentes sabores.
Su gran sueño es constituir una mini cadena de locales en diferentes comunidades y crecer cada vez más.
Sentirse a gusto con lo que hace es lo mejor pues afirma que ayudar a los clientes con los productos que vende es algo maravilloso.

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
  • 7
    View loans »
    Mexico Loans Fundraising
  • $17,366,525
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Progreso 2 Group's $5,825 loan helped a member to renovate her locale, and buy juicers, glasses, benches, two fans and different flavored malts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014