100%

funded

Total loan: $2,800

Temaxcal Group

Flag of Mexico
San Miguel Soyaltepec, Oaxaca, Oax., Mexico / Retail

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A loan helped Sale of clothing, shoes, bedspreads, cakes, tamales, and groceries.


Temaxcal Group's story

This Development Cooperative is named Temaxcal after the community where the members live. This group is located in the community of San M. Soyaltepec (Temaxcal) in the state of Oaxaca and is comprised of seven members. The group’s representative is Maria Trinidad E. R.. She is 51 years old, and completed three years of secondary school. She is married and the mother of a son and a daughter who are also married. Mary, as she has been known by her neighbors for more than 25 years, decided to start her own business selling tacos, cakes, and tamales. She also runs a grocery store from her home since she wants to help her husband with the household expenses and wants to give her children a better quality of life. She needs this loan to buy flour, coloring, corn, a variety of chili peppers, beans, rice, oil, butter, disposable goods, soft drinks, and candy. Mary tells us that she hopes that this investment provides her with good income because in the future, she wants to buy utensils for making her cakes. Maricela E. R. is also a member of the Temaxcal Group. She is 35 years old and only completed secondary school. She is married and mother of a 17 year old daughter who studies at preparatory school and a ten year old son who attends the community’s primary school. Two years ago, Maricela started her own business selling sheets and bedspreads. She sells door to door and sometimes makes batches of her bedspreads with her neighbors and friends. She also tells us that she decided to start her own business because she wants to help her husband pay for the education of her children and the household expenses. She needs this loan to buy sheets and bedspreads to sell later. Maricela hopes that her income is good and her business continues prospering as she wants her children to become professionals. The other five members are: Diego C. S. who sells tortillas and delivers them by motorcycle Valentina CL. A. who sells shoes by catalog Juana CL. C. who sells sheets Ambrocia M. A. who sells clothing Suhail L. H. who sells shoes