Total loan: $3,075

Flores Magon Group

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Zitacuaro, Estado de Michoacán., Mich., Mexico / Food

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A loan helped to stock her grocery store.

Flores Magon Group's story

Clementina requested a loan from the financial institution to buy groceries such as toilet paper, soft drinks, oil, chilis in vinegar, eggs and rice. She also sells some cold meats and different sweet treats. She tells us that on Thursdays and Fridays she sells dinners such as 'pozole' and 'corundas' (meals from her region). Clementina has owned her grocery store for approximately 13 years and started the business because a neighbor of hers used to sell groceries. Her neighbor moved house and there wasn't another store nearby. Clementina therefore thought to set up a table selling sweet treats. She gradually invested in groceries and stocked her business. She says that, thanks to her loans from the institution, she has increased her profits as she has managed to stock up with items that she didn't used to sell. She supplies her products to different stores in her town. Clementina is married to Leonel who works for a company that makes baked goods. They have three children who are all married. Clementina's goal is to open special premises for her grocery store since right now she only has some shelves in her living room. The other ten members of the group are Maria Socorro, Reyna, Isabel, Stephanie, Patricia, Magdalena, Rocio, Vianey, Teresa and Marisol. They requested their loans to invest in a clothes store, to buy sweet treats to sell, to sell meals, to invest in a grocery store, to buy materials for making clothes, to buy catalog shoes, to buy jewelry, to make Mexican snacks and to buy catalog clothes.