A loan of $4,425 helped a member to purchase materials for sewing, such as different varieties of fabrics, threads, yarns, hooks, buttons, zippers, needles, etc.

Flores Magon Group's story

Teresa, or Doña Tere as her friends call her, is a hard-working woman with dreams of getting ahead. She is 58 years old and originally from the town of Zitacuaro. She works with a group of people who apply for loans as a group to improve their businesses. The group is called "Flores Magon," and the name of the group comes from the area in which many of the members live. Teresa sews items by request and makes alterations such as fixing hems, putting in zippers and/or buttons. She makes blouses, pants, skirts, shorts, and shirts, as well as items such as curtains and sheets, etc. Teresa has run her business out of her home for the past 5 years. She took a course on making clothing through a program of her local government, and learned how to make alterations. In colder weather, Teresa makes knitted sweaters, hats, scarves, gloves, capes, and knitted blouses. In warmer weather, such as now, she is taking orders for blouses from thin fabrics and capri pants. Teresa is asking for this loan in order to buy fabrics of different colors and textures, thread, yarns, hooks, buttons, zippers, needles, etc. She says that this loan will help her very much with her business by allowing her to complete several requested orders and by having the capital that will make her able to offer items for sale to her clients. The other members of the group are called María Socorro, Reyna, Clementina, Stephanie, Patricia, Rocío, Vianey, Carol Paola, Norma, Mercedes, Rosa Elena, and Jazmín. They will invest their portions of the loan money in their businesses, including a grocery shop, buying clothes and shoes through a catalog, purchasing ingredients for making pastries for sale, and stocking men's and women's clothing, quilts, and jewelry for sale.

In this group: Maria Socorro, Reyna, Clementina, Stephanie, Teresa , Patricia, Rocio, Vianey, Carol Paola, Norma, Mercedes, Rosa Elena, Jazmin

Translated from Spanish by Kiva volunteer

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Loan details