Funded

Total loan: $7,150
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El Mimbre Group

Mexico
San Pedro El Alto, Mexico / Grocery Store

A loan of $7,150 helped a member to buy canned goods, milk, bread, eggs, soda, etc.


El Mimbre Group's story

El Mimbre Group is located in the center of San Pedro El Alto, but to get to the group's house you have to arrive on foot and it is very tiring because you have to travel a very long way. They chose the name of the group because it is the name of the neighborhood where the members live. In this community the biggest celebrations are on 31 December and 1 January, when they celebrate the arrival of the new year.

The group is made up of very happy people who are grateful to the institution. They are eight women and one man. All of them have requested the loan to use in their businesses. Irene will invest in her merchandise and María Juana in a grocery store. Cesárea will buy lambs. Josefina will invest in taxi repairs for her husband. Eulalia will buy plastic goods to sell. Modesta will buy scouring pads (cleaning products) to sell. María Josefina will invest in costume jewelry and Leonardo in groceries, seeds, fruits, and vegetables.

Cesaria, who is the representative of the group, is 54 years old and has been married to Demetrio for 30 years. They had a family together but at the moment no longer have dependents, although they are supporting a grandson in his studies, Yosmar, who is in fourth grade.

Cesaria has had a grocery store for 20 years. Up to now it has not had a name, but she is thinking about giving it one. Cesaria says she began selling candy in her house and later thought about opening her grocery store. The difficulty that comes up is the competition in the area where she lives. She does not get discouraged, though, because new stores are constantly opening but later end up closing.

Cesaria has been working with the institution for a long time now. This time she requested the loan to supply her grocery store; she will buy candy, soap, milk, eggs, bread, etc.

The loan has helped her a lot because she can buy enough merchandise for two or three months. She is very grateful because her quality of life has improved with her profits, and this was one of her goals. She invests her profits in the household expenses and on her grandson's education, among other things.

She and the group in general are very grateful for the loan granted because it will be very helpful to invest in their businesses.

In this group: Irene , Cesaria , María Juana, Leonardo , Cesárea , Josefina , Eulalia , Modesta , María Josefina
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Catharine Wall


Loan details

Loan length:

5 months
Disbursed date: May 8, 2012
Facilitated by Field Partner: VisionFund Mexico

Lenders and lending teams



Loan details

Loan length:

5 months
Disbursed date: May 8, 2012
Facilitated by Field Partner: VisionFund Mexico