Total loan: $4,000

Jazmin Group

Flag of Mexico
San Felipe del Progreso, Méx., Mexico / Retail

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

A loan helped To invest in a bedsheet sales by catalogue business.

Jazmin Group's story

The following group is called “Jazmín” and is located very near to the center of San Felipe del Progreso, about a ten minute walk. The community where the group meets is called Cabecera. The community is advanced in that it has all services, paved streets, sports fields, etc. One can also find everything needed for meals and others because there are many businesses everywhere and people don’t have to go far to get meat, tortillas, water, soft drinks, etc. The community is populous, there are many houses and it’s somewhat large. The group is made up of 11 women who have their business and struggle to get ahead taking advantage of every opportunity and gleaning as much profit from them as possible. They called the group “Jazmín” because that’s the name of one of the group members and they meet in her business so they thought it would be a good idea for the group to be named after her. The names of the members are: 1.-Florentina P. L. 2.-Margarita López C. 3.-Maribel C. Hernández 4.-María Alicia Hernández R. 5.-Lizbeth Crisóstomo Sánchez 6.-Jazmín González López 7.-María Elena C. M. 8.-Ofelia Sánchez R. 9.-Laura E. R. 10.-Sandra C. M. 11.-Antonia C. Sánchez The eleven members get along quite well and have known each other for a long time. They tell us that they’ve known each other since they were little girls and they are responsible. Also, they help each other out and are very mutually supportive whenever a difficulty arises. They got together to form a group because the ones who already had businesses wanted to invest more in them and the others wanted to start businesses. This is how they have stayed together to work hard and get ahead. Maribel is the President of this group. She is 33 years old and has two children, a boy and a girl; both are in elementary school. Maribel is a single mother and it has been very difficult for her because she does not get any help for her children except from her parents. However, whatever she makes is for her children. The house she lives in is borrowed from her parents but she tells us that even like that it’s still not easy because her children need a father figure. Maribel’s business is selling bed sheets via catalogue. She picks up her orders in the city of Toluca, Estado de México, and brings them to the people who ordered them. She works as a domestic employee mornings to earn a bit more money, also. She tells us that the difficult part of her business is providing her goods on credit because occasionally it becomes a problem at the moment of collecting payment. She needs the profits for her children’s expenses, for clothing and for whatever they ask for at school. Her goal is to have a locale in which to sell the bedspreads, comforters, sheets and pillows so as not to have to walk; her customers could come by to look at the products there.