Total loan: $6,100

Cuauhtémoc Group

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

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A loan helped to buy merchandise to restock his store.

Cuauhtémoc Group's story

Sr. Raúl is 54 years old and single. He says that he is a member of the group called “Cuauhtémoc” and that the name was chosen because it is the street where they meet each week to submit their payments. Raúl says that he has a grocery business located in the house where he has lived for more than 40 years. He says that his father started the business so that their family could get ahead. When his father died, he took charge of the business. Raúl says that he has been managing the front of the store since he was 15 years old. He appreciates the effort his father invested to grow the business that he now maintains with the help of his mother.

Raúl says he is requesting a loan from Vision Fund (FRAC) so that he can buy soap, sugar, milk, coffee, and eggs since he is not stocked with these items. He has not bought much because of the increase in prices, but he needs to have these products in stock since they are basic necessities in Mexico. He will also buy toilet paper, diapers, shampoo, toothpaste, instant soups, bleach, and other products. Raúl says that he buys all of his merchandise from different stores in his village. His goal is to return to having a well-stocked business because he wants to pass this family enterprise on to his nieces and nephews.

The other nine members of the group are Dulce María, Raquel, Zerafina, Erika Jazmín, María Guadalupe, María del Carmen, María Guadalupe, Noemi, and Rocío. They will invest their loans in their various businesses such as buying bread to sell from home, investing in women’s clothing to sell, investing in compost for growing chayote squash to sell, buying different types of perfumes to sell, investing in a public parking lot, buying plastic goods to sell, and selling cosmetics through catalogs.