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Grupo Leo Group
In this Group: Beatriz , Leovigilda , Yadira , Guadalupe , Josefina , Teresa , Bonifacio , Florentina , Maria Isabel
In the town of Oaxaca, a sugar cane area, you can enjoy some breath-taking scenery. From some parts of the road, you can see the mountain range and the highest volcano in Mexico, called the Pico de Orizaba.

In this area, the credit group "Grupo Leo" was recently formed. The members are:

Beatriz, who sells chickens; Leovigilda, who sells sewing supplies; Guadalupe, who sells candy; Josefina, who sells food; Teresa, who sells food; Florentina, who sells cheese; Maria, who sells footwear from catalogues; and Bonifacio, who sells bananas.

Bonifacio has been selling fried bananas for 23 years. When he started, he prepared them at home and then sold them on the streets. Nowadays he takes a cart out with him (one that is similar to hot dog carts) on the streets in the local areas and he prepares the food on the spot. The cart already has a cooker, so it is just a case of putting the bananas on the grill.

At the beginning, it was difficult, but "Don Boni", as he is known, made some adjustments to his cart so it is now easier to push through the streets. As time has gone by, he has visited many places where he has sold his products.

With the income he generates and with the loan, he will buy supplies (bananas, cream, cheese). He gets his firewood himself and looks after his cart on his own. He is grateful to "VisionFund" for being able to continue to prosper in his business.
View original language description ↓
En un municipio de Oaxaca, zona auténticamente cañera, también posee una vista impactante ya que en ocasiones, desde la sierra o incluso desde la carretera se alcanza a ver el volcán más alto de México: el Pico de Orizaba a pesar de estar en otro estado.

En este municipio se formó recientemente un grupo el cual lleva por nombre “Grupo Leo” sus integrantes son:

Beatriz- Venta De Pollo, Leovigilda-Merceria, Yadira- Venta De Abarrotes, Guadalupe- Venta De Dulces, Josefina- Venta De Comida, Teresa- Venta De Comida, Florentina- Venta De Queso, Maria- Venta De Calzado Por Catalogo y Bonifacio- venta de plátanos.

Don Bonifacio quien ha dedicado ya 23 años a vender platanos asados, al principio los preparaba en casa y salía a vender, hoy sale con su carrito (muy similar a los carritos de los hot dogs) por las calles de distintas localidades, donde muchas personas le compran pues los platanos son asados al momento. El carrito lleva los leños prendidos solo es cuestión de colocar los platanos. Al principio, la actividad era un poco difícil para don Boni, como es conocido, pero ahora ha realizado las adecuaciones pertinentes al carrito de manera que le cuesta menos trabajo empujarlo y llevarlo por las calles. "Con el paso de los años he conocido muchos lugares a donde he ido a vender". Con las ganancias obtenidas y con su préstamo don Boni compra mercancía (platanos, crema, queso). "La leña la busco yo mismo de la misma manera le doy mantenimiento a mi carrito". Él agradece a VisionFund por brindarle una oportunidad para seguir prosperando en el negocio.

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
  • 21
    View loans »
    Mexico Loans Fundraising
  • $18,316,675
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo Leo Group's $3,025 loan helped a member to buy bananas, milk, cream and cheese.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2014
Listed
Jul 29, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014