100%

funded

Total loan: $2,850

Las Flores Group

PIEDRAS NEGRAS, VER. MEX, Ver., Mexico / Retail

Las Flores Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!


A loan helped Operating capital for their respective businesses.


Las Flores Group's story

This Development Unit is called “Las Flores” because all of the houses in the neighborhood have flowers. Development Units are groups of more than 10 people who have an account with us and meet either weekly or biweekly to make their payments. Each group has a representative and a governing committee. This group is located in the community of Las Trancas in the State of Veracruz. There are 12 members in this group.

The group representative is Inocencia M. R. (known as Doña Chencha by her friends). Doña Chencha is 51 years old, married, and has a third grade education. She has three children (two daughters and a son). She sells shoes by catalog and needs a loan to invest in more merchandise. Doña Chencha travels house to house to sell her products.

Sabina T. M. is also a member of the Las Flores Group. She is 60 years old, completed her primary school education, and has four children (one daughter and three sons). She sells bread and soft drinks from a store established in her house. Doña Sabina needs a loan to invest in her convenience store and purchase handmade bread in Córdoba (located two hours away). Bread is not available in her community, but there different types of bread sold in Córdoba. Her customers are residents of her own community, so they will buy just about anything she orders. Sabina tells us that almost everything she brings back from Córdoba is sold. She has been in business for 10 years and is requesting this loan to keep it growing by obtaining a location separate from her house. In addition, she will purchase more products. Sabina also works on her farm when necessary, but she hopes in the future she can focus solely on her business since it requires less effort.

The other 10 members are:

Delfina V. L. sells shoes by catalog. Alejandra V. Lopez sells clothing by catalog. Beatriz M. González sells beef. Yolanda R. Velazquez prepares regional snacks at home on the weekends. Alberto C. H. raises, butchers, and sells pigs. Ana R. M. sells shoes by catalog. Veneranda P. T. also sells shoes by catalog. Maria Magdalena I. C. sells household items such as pewter, china, and ceramic plates. Beatríz América C. T. also prepares snacks on the weekends.

Translated from Spanish by Ronan Reodica, Kiva Volunteer