Funded

Total loan: $7,075
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La Principal Group


A loan of $7,075 helped a member to purchase two rolls of oilcloth for his greenhouse..


La Principal Group's story

“La Principal” Communal Bank is composed of nine members all of whom have productive businesses. The name they selected is the name of the street where they meet. Members of the bank include Ismael and Vicente who will buy two rolls of oilcloth for their greenhouses of nopales (cactus). Juan who will purchase fertilizer for his nopales, Maria Teresa, who will buy shoe polish for shoes, Justo who will invest in vegetables and Victor who will buy potatoes to make french fries.

Don Ángel has been a client of Fundacion Realidad for several years. He is 40 years old and has been married to Sra. Rebecca for 22 years. Together they have a family with four children. Don Ángel has been selling nopales for 15 years. He notes that he started his business because his father was also engaged in cultivating nopal; that is how Ángel learned the business.

On this occasion, he is requesting a loan in order to purchase two rolls of new oilcloth in order to maintain his nopal plants and they will also serve to protect them from the ice that forms . Sudden temperature changes are one of the difficulties Ángel faces, which often cause his plants to be stunted or the loss of his crop altogether.

Don Ángel notes that he usually works at his business all week; some days he goes to other towns to sell his crop and other days he can be found working in his greenhouse. He is sure that if he takes good care of his nopales, he will have good sales because the best seasons are approaching. He notes: “My greatest goal is that my sons will be hardworking men and that they will enjoy the fields and continue cultivating nopal so that the family business will not be lost.

Don Ángel and the group in general are very grateful because this loan will be a great help to their businesses.

In this group: Ismael , Justo, Angel , Adela, Maria , Victor , Maria Teresa , Vicente , Juan
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Diane Chaney


Loan details

Loan length:

6 months
Disbursed date: October 24, 2012
Facilitated by Field Partner: VisionFund Mexico

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: October 24, 2012
Facilitated by Field Partner: VisionFund Mexico