A loan of $3,950 helped a member to buy corn, lumber, groceries, clothing, sweets and pig feed.

Cosoltepec Group's story

This is a development unit called Cosoltepec which means Paisan Hill. The group decided on this name because all the members are from this community. They meet once a week in the home of Mrs. Lorenza Harahulda L. C. who lives in the "Farming" colony that belongs to the town of "San M. Soyaltepec" in the state of Oaxaca. The group is comprised of 10 members and this is their sixth loan through FRAC.

Mrs. Lorenza Narahulda L., known as "Nara" in the community, is 42 years old, married, and has two daughters and a son. She owns a taco stand called "La mixtequilla" located on the road to Temazcal in the town of Cosoltepec. She is requesting the loan to buy meat, softdrinks, tomatoes, chiles, onion, tortillas, napkins and bags for the preparation and sale of her tacos. Nara told us that she's had this business for three years and thanks to the support she has been able to grow her business little by little. She hopes to be able to provide an education to her children so they may become professionals and not live in hardship.

Mr. Mario P. S. is also a member of the Cosoltepec group. He is 44 years old, married and has two daughters and a son. He owns a small carpentry shop in his home in Niños Héroes Street, number 16. He needs the loan to buy lumber, nails and varnish so he can make furniture and then sell it. He hopes to invest his earnings in more material, and provide an education for his youngest daughter who is 12 years old. Hopefully in this way he will improve his family's living conditions.

The other 8 members in the group are:
Magdalena C. N. who raises pigs
Michel López Ramírez who grows corn
Emiliana S. Hernández who has a Mexican tamales stand
Leonor González Pérez who has a clothing shop (bed sheets, curtains, towels, pants and blouses)
Arcelia M. E. who sells bed linens and typical regional clothing
Mara Iveth Ramírez L. who sells sweets and bottled water
José Alfredo M. M. who has a ladies' and gentlemens' clothing store
Alicia R. E. sho sells groceries

In this group: Magdalena *, Michel , Emiliana , Lorenza Narahulda, Leonor , Arcelia , Mario , Mara Iveth , Jose Alfredo , Alicia
*not pictured

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Translated from Spanish by Kiva volunteer Sherry Bess

Loan details

Lenders and lending teams

Loan details