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Guadalupe Chico Group
In this Group: Carmen *, Juan, Maribel , Laura, Maria Concepcion, Maria Felix, Rosa
* not pictured
"Guadalupe Chico" is made up of seven members, all new to VisionFund Mexico. They say that a neighbor recommended they ask for their loan because their interest rates are very low, and they decided to approach the institution. They explain that from the start, all the employees of VFM gave them a lot of confidence, and that motivated them even more to start their business.

The place where the members live is a very quiet community where corn, broad beans and other beans, squash, etc., can be grown. The biggest festival is November 2; in fact, it is a great Mexican tradition in which all the dead are celebrated.

Carmen is the group's representative. She is 29 years old and has been in a common-law marriage for 7 years with Erick, who works the land. They have formed a family with three children, who go to school. While Carmen's husband works as a day laborer on the land, she raises and fattens lambs. Recently, she sold all her animals, but the loan will allow her to buy some more again. She also wants to use one part of the money to buy feed and material to build a pen. Since she started raising lambs, Carmen has been successful. They have never gotten sick and she has not lost even one of them. "In reality, the lambs are my thing, but I would love to have other animals like chickens and cows."

All the members are very happy and thankful for the loan, but they also promise to make their payments on time and not to disappoint the confidence placed in them. Juan, Rosa, Laura, and Félix will invest in their lambs; Maribel in her boiled corn mill, and Concepción in turkeys.
View original language description ↓
“Guadalupe Chico” está integrado por siete personas, todas nuevas dentro de VisionFund México, comentan que un vecino les recomendó solicitar su préstamo porque sus intereses son muy bajos y decidieron acercarse a la institución. Explican que desde un inicio, todo el personal de VFM les dio mucha confianza y eso los motivó aun más a iniciar su negocio
El lugar donde viven los integrantes es una comunidad muy tranquila donde se puede cultivar maíz, haba, frijol, calabaza etc. La fiesta más grande es el día 2 de noviembre, de hecho se trata de una gran tradición mexicana en la cual se celebra a todos los difuntos.
Carmen es la representante del grupo, tiene 29 años de edad y vive en unión libre desde hace siete años con el señor Erick quien trabaja en el campo. Ellos han formado una familia con tres niños los cuales van a la escuela. Mientras el esposo de Carmen trabaja como jornalero en el campo, ella se dedica a la cría y engorda de borregos; recientemente vendió todos sus animalitos, pero el préstamo le permitirá volver a comprar algunos. Una parte del dinero también la quiere destinar a la compra de pastura y material para construir un corral. Desde que inició la crianza de borregos, Carmen ha tenido éxito, nunca se le han enfermado ni ha perdido ninguno. “En realidad, lo mío son los borreguitos aunque me encantaría tener otros animales como gallinas y vacas ”.
Todos los integrantes se muestran muy contentos y agradecidos por su préstamo, pero también comprometidos para hacer sus pagos muy en tiempo y no defraudar la confianza depositada en ellos. Juan, Rosa, Laura y Félix invertirán en sus borreguitos; Maribel, en su molino de nixtamal y Concepción, en pavos.

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
  • 16
    View loans »
    Mexico Loans Fundraising
  • $18,610,225
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Guadalupe Chico Group's $2,700 loan helped a member to buy lambs and feed.
98% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2014
Listed
Aug 28, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015