A loan of $1,475 helped a member purchase Gold Jewelry.

El Sombrerito Group's story

This solidarity goup is called "El Sombrerito" because that's the name of a hill in Tlayacapan which is located in the state of Morelos, Mexico. The group is made up 5 members who have known each other for some time. This is their first loan with Fundacion Realidad.
The group's organizer is Mrs. Reyna S. G. who is 39 years old and has completed 3 years of a high school education. She has 3 Children: Victor Eduardo, a 20 year old male, Omar is a 17 year old male, and Aline Berenice, a 6 year old female. Mrs. G. buys and sells gold and silver jewelry. The business originated 3 years ago after a friend she used to sell with moved away so she decided to sell gold and silver jewelry to her neighbors. She now sells her jewelry door to door and travels to Iguala every 15 days to stock up on merchandise. She will be using her loan to purchase studs, chains, medals, earrings, rings, and bracelets. She likes her business very much because she doubles her investment, it allows her to care for her children, and it serves as a distraction. She re-invests her earnings and only takes out when her children need something for school. Members of the group are:
Ana Maria M. R. who will use the loan to stock up on merchandise like: milk, soda beverages, sugar, soups, cooking oil, dried spices, soap, etc., so she can stock her store.
Godeleva P. P. will purchase bed sheets, quilts, sleeping garments, and towels to stock her business.
Elena O. H. will purchase, sheets, and bed spreads in bulk since she sells them individually. Catalina H. S. will be purchasing men and women's shoes.
Members of the group are very happy with the loan given by Fundacion Realidad and Kiva because it allows them to grow their businesses and families.

In this group: Ana Maria , Reyna , Godeleva, Elena , Catalina
*not pictured

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Translated from Spanish by Kiva volunteer Gustavo Gutierrez

Loan details

Lenders and lending teams

Loan details