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Igualdad Group
In this Group: Maria , Reyna Delia , Soledad , Cesarea , Martha , Alicia , Magdalena *, Cecilia *, Araceli , Daniel , Maria Del Consuelo , Claudia , Maria Teresa , Dolores Del Carmen , Modesta , Maria Leonarda , Xochitl Del Mar , Carlos , Sarai
* not pictured

Update on Igualdad Group

Oaxaca is an area where sugar cane is produced and is also home to the historical "La Margarita". The group "Igualdad", which was formed in 2010, now has 19 members who all have their own line of work. They use their income to cover household expenses and to pay off the loans on time.

Maria sells soft drinks; Reyna sells food and cosmetics; Soledad sells traditional corn-based foods; Cesarea sells cosmetics; Magdalena sells desserts; Martha sells clothes; Alicia sells pizzas; Cecilia also sells traditional corn-based dishes; Araceli sells footwear; Daniel provides a soldering and metalwork service; Maria del Consuelo sells footwear for school; Claudia sells groceries; Maria Teresa sells tacos; Dolores del Carmen sells candy; Modesta sells silver jewellery; Maria Leonarda sells traditional corn-based dishes; Xochitl del Mar sells footwear; Carlos sells footwear; and Sarai sells stationery.

Soledad is a very cheerful woman who only studied to secondary school level. For more than 20 years, she has been selling traditional corn-based dishes in a small stall located comfortably in her own home. This is very convenient because she lives on a main road. She is well-known in the community as well as nearby areas. She gives thanks to "Vision Fund" for giving her her first loan ten cycles ago. She has been consistently using the money to invest in supplies for making her dishes. Since ten years ago, Soledad has been buying oil, tortillas, disposable plates, tin foil, garlic, rice, tomatoes and other things.
View original language description ↓
En Oaxaca, existe una zona cañera donde se encuentra el ingenio la Margarita. Desde el año 2010 se formó un grupo llamado “IGUALDAD” el cual ahora esta conformado por 19 personas de las cuales cada una tiene una actividad, con las ganancias obtenidas aportan para cubrir los gastos de la casa y cubrir los pagos correspondientes del préstamo en tiempo y forma.

Maria- Venta De Refrescos, Reyna- Venta De Comida Y Cosmeticos, Soledad- Antojitos, Cesarea- Venta De Cosmeticos, Magdalena- Venta De Postres, Martha- Venta De Ropa, Alicia- Venta De Pizzas, Cecilia- Venta De Antojitos, Araceli- Venta De Calzado, Daniel- Servicio De Soldadura Y Herreria, Maria Del Consuelo- Venta De Calzado Escolar, Claudia-Venta De Abarrotes, Maria Teresa-Venta De Tacos, Dolores Del Carmen-Dulcería, Modesta- Venta De Plata, Maria Leonarda- Venta De Antojitos, Xochitl Del Mar-Venta De Calzado, Carlos- Venta De Calzado, Sarai- Venta De Papeleria.

Doña Soledad es una señora muy alegre, solo estudió la secundaria y desde hace ya mas de 20 años se ha dedicado a vender antojitos en un pequeño local que adecuó en la comodidad de su hogar lo cual le es muy viable puesto que vive frente a la carretera. Es muy conocida en la comunidad así como en lugares aledaños. "Gracias Vison Fund por haberme otorgado el primer préstamo desde hace ya 10 ciclos pues no he dejado de invertir en la compra de materia prima para la preparación de los antojitos". Desde hace 10 años, Soledad compra aceite, tortillas, platos desechables, papel aluminio, ajos, arroz, jitomate, entre otros.

De esta manera, los miembros del grupo pueden seguir brindando más oportunidades a su familia.

Previous Loan Details

Soledad is one of the 11 members of a group called Igualdad in the community of Tetela, in a sugarcane-growing area in the state of Oaxaca. The majority of the residents work growing sugarcane, because only 15 minutes away is Ingenio La Margarita, one of the main sugar producers in the region. ... More from Igualdad 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

  • $11,249
    Average annual income
  • 49
    View loans »
    Mexico Loans Fundraising
  • $18,367,900
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Igualdad Group's $6,000 loan helped a member to buy oil, tortillas, disposable plates, tin foil and other supplies for their food sales.
99% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 3, 2014
Listed
Jul 29, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014