A loan of $3,500 helped a member jewelry making supplies and stock for general store.

Los Ideales Group's story

Yanet Hernández Vázquez, 25, pursued a law degree for four years in UABJO University, in the state of Oaxaca. She lives San Felipe Jalapa de Díaz in her parents’ small house. She is a single mom of one daughter, Kimberly. Her mother is a housewife and her father works in farming, along with Yanet’s three brothers. Because of the scarcity of resources in the community, her parents could not continue supporting her in her studies, so she never earned her degree. For this reason, she decided to look for a way to earn money, and started her business.

Carmen, who has a restaurant in the community of Los Ideales, formed the group. Yanet and the other nine members joined her in forming the group, which is now beginning its first loan cycle. The group is named Los Ideales which, aside from being the name of the community, signifies for them, goals, objectives, and following dreams that one day, thanks to the efforts of each member and the help of loan institutions, will be fulfilled.

Yanet needed this loan to invest in a business that she has run for a few months with her brother. She does not have an established location, but works from her home. She will invest the loan in the purchase of 100 young chicks, as she now has 50 that are ready for sale. She will also buy feed for the chicks and have a little left over to continue growing.

Aside from the raising and selling of chicks, Yanet has two other business activities, which demonstrates her entrepreneurial spirit. She makes earrings, bracelets, and necklaces from stones and colored beans. She sells these from house to house among her friends and acquaintances in the community. She stocks up on materials for the jewelry each month in the state of Oaxaca, and she re-invests her earnings back into one of her businesses.

Yanet also has a small grocery store located 15 minutes from her home in the community of Piedra de Amolar. Although this business is small, she tries to keep it stocked, as it is one of the few stores available for the residents of this town.

Yanet would like to have her own house in which to raise her daughter and give her a place to study, something she considers essential. She also wants to continue maintaining and enlarging her small businesses.

The Los Ideales group is made up of seven women and three men. María del Carmen will invest in new furniture for her restaurant. Kicsia Irais will use her loan money to buy ingredients for the making of snacks. Jazmín will buy shoes to sell. Cecilia will buy young pigs to raise and resell to butcher shops. Otilio will buy young chicks to raise and resell. Reyna will buy cloth for her tailoring business. Nallely will use the loan to stock her general store. Moisés will buy cloth, and thread for making aprons. Rogelio will stock his general store with rice, beans, sugar, cookies, and cleaning products.

All the members are grateful to know that organizations like Fundacion Realidad are there to help them grow and improve their quality of life.

In this group: Jasmin, Nayelli Sugey, Reyna*, Cecilia, Yanet, Otilio, Moises, Kicsia Irais, Rogelio*, Maria Del Carmen
*not pictured

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Translated from Spanish by Kiva volunteer jeff hersk

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