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El Polvorin Group
In this Group: Catalina, Maricela, Maria Guadalupe, Maria Victoria, Diana Martina, Rosa Maria, Maria Isabel, Adela, Ana Luisa, Ygnacia*
* not pictured

Update on El Polvorin Group

Catalina a member of the communal bank "El Polvorín." She says that the group adopted this name because it is the name of the neighborhood where the group meets to make their payments. Catalina is 27 years old and single. She is a hardworking woman who struggles each day to provide for her parents, because she is the main source of support for the household. She has had a business selling seasonal produce such as: guava, sugarcane, chilies, tomatoes, green tomatoes, apples, strawberries, oranges, tangerines, and Mexican hawthorns (sour plums) for more than 6 years. She stocks up on her fruits and vegetables from the wholesale center in her town, and she goes to sell them in the local market. One of her dreams is to set up a stable business in her house, so that she could look after her parents. She says that this would make her very happy. Cata, as she is affectionately called, is asking for a loan so that she can continue to invest in her business, and also because during the month of December the sales are high due to the fact that in this season people make a special drink out of fruit, called ponche, which is given out in the Christmas processions and parties. She says that she is very grateful for the access to credit, because with the loans that she has already taken she has gradually been able to make her business grow, and she hopes to very soon make her dreams a reality.

The other 9 members of this group are: Maricela, María Guadalupe, María Victoria, Diana Martina, Rosa María, María Isabel, Adela, Ana Luisa and Ygnacia. They will be investing their loans in the following types of businesses: grocery stores, clothing stores, embroidery businesses, sweet stands, businesses selling shoes through a catalog and fruit and vegetable sales.
View original language description ↓
Catalina es parte del grupo “El Polvorín” dice que le pusieron ese nombre al grupo por que la colonia donde se reúnen a hacer sus pagos se llama así. Ella tiene 27 años de edad es una mujer muy trabajadora y es soltera y que día a día lucha por salir adelante con sus papas ya que ella es el sostén principal de su casa. Desde hace más de 6 años se dedica a la venta de frutas de temporada como guayabas, cañas, chiles, jitomates, tomate verde, manzanas, fresas, naranjas, mandarinas, tejocotes etc. Ella surte sus frutas y legumbres en la central de abastos de su población y va a venderlas en el mercado de la población, uno de sus sueños es poner un negocio estable en su casa para así estar más al pendiente de sus papas dice que eso la alegraría mucho. Cata como de cariño le dicen está pidiendo un crédito para seguir invirtiendo en su negocio y más porque en época de diciembre tiene ventas altas debido a que la gente hace una bebida especial a base de frutas llamada ponche y la cual se da en las posadas y en las fiestas navideñas. Dice que ella está muy agradecida con la financiera ya que van varios créditos que le hacen y poco a poco su negocio va creciendo y espera pronto realizar sus sueños. Las otras nueve integrantes del grupo se llaman Maricela, María Guadalupe, María Victoria, Diana Martina, Rosa María, María Isabel, Adela, Ana Luisa e Ygnacia todas ellas invertirán sus créditos para tienda de abarrotes, tienda de ropa, bordado de prendas artesanales, puesto de dulces, venta de frutas y legumbres de temporada, zapatos por catalogo.

Previous Loan Details

Reyna is 30 years old. In the locality where she lives avocadoes grow profusely. She’s married and her husband’s a day laborer. They have a daughter who is in elementary school. Reyna belongs to a credit group called “El Polvorín” (Powder Keg). She comments that they chose that name beca... More from El Polvorin Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Mexico

  • $15,600
    Average annual income
  • 62
    View loans »
    Mexico Loans Fundraising
  • $22,240,250
    Funds lent in using Kiva
  • 14.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Polvorin Group's $3,450 loan helped a member to buy seasonal fruits and vegetables to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Dec 2, 2011
Dec 29, 2011
Currency Exchange Loss:
Apr 15, 2012