Total loan: $2,825

Monarcas Ii Group

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

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

A loan helped to buy silver jewelry to sell.

Monarcas Ii Group's story

Señora Leonarda is a very hard-working and entrepeneurial woman. She has various businesses and says that she really likes her work. She enjoys it because that is how she has been able to earn money to take care of her three small children since she got divorced. She works making sugar and chocolate donuts and selling them in her town. Her ex-husband is the one who first taught her how to make donuts and she has been doing it for 4 years. Leonarda also works selling hamburgers at night, from Monday to Saturday. Now she is requesting a loan in order to sell silver jewelry. She is planning to go to Taxco in Guerrero to stock up on jewelry, because that is where they sell silver at a very reasonable price. She would like to begin selling jewelry in order to increase her earnings. Leonarda says that since she was very young, her parents imbued her with a love of work and that is why she is so hard-working, as well as responsible with her children and her home. Also, she recently put together some money to buy two pieces of land which she then resold at a higher price. With the capital from the sale, she was able to buy another larger piece of land which she is about to sell. She will continue investing in property and eventually with her earnings she will build a house for herself and her children, because the place they currently live is a rental. Her goal for her hamburger business is to put a permanent restaurant in her home so her clients have a comfortable place to eat. With the jewelry sales, she would like to build her clientele and be able to sell her merchandise quickly in order to buy more. The other 10 members are Erika, Maria de los Ángeles, Araceli, Maria del Pilar, Marisela, Adriana, Raquel, Lucia, Marisela, Teresa. They want the loan in order to invest in their businesses: a grocery store, selling cosmetics by catalog, a ladies' clothing store, a bakery, a car wash, and selling Mexican pastries and snacks.