Funded

Total loan: $4,375
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Artesanos Del Oro Group

Mexico
El Oro, Mexico / Crafts

A loan of $4,375 helped a member to buy ocochal for their crafts businesses.


Artesanos Del Oro Group's story

The Artesanos del Oro group has 7 members, two women and 5 men. They operate businesses making and selling "ocochal" (a traditional craft). The members live in the town of El Oro, a beautiful place with houses that seem to belong to another time. Magalli, 22, is single. She just finished a degree in psychology and lives with her parents. She is applying for a loan that she will use to buy supplies of brass. She will make ocochal placemats and other tableware. She will use the supply of brass to decorate her ocochal products, something that will allow her to fetch a better price for them. Magalli says that her customers only want her products at certain times of the year, something that's a problem for her because she can't sell year-round. She wants to go back to school to complete a higher degree in psychology because she only has a "carta pasante" now and she'd like to get an advanced degree that would allow her to work as a psychologist. "I am very grateful to FRAC and KIVA for helping me", she says, "because past loans have helped me to to make the products that I sell". She adds that her income from the business paid her school fees, books, etc. The other members are also grateful for your loans. Miguel, Abigail and Eulogio used their share of the loan to support their crafts business; J. Carmen, his carpentry business; Sergio, his taxi business; and Antonio, his veterinary pharmacy business.

In this group: Miguel, J. Carmen , Abigail, Sergio, Magalli, Antonio, Eulogio
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Jere Wiseman


Loan details

Loan length:

6 months
Disbursed date: March 16, 2012
Facilitated by Field Partner: VisionFund Mexico

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: March 16, 2012
Facilitated by Field Partner: VisionFund Mexico