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May 2, 2016 5:39 EST

Mexico – Grupo Florencio Group: A portion of Grupo Florencio Group’s $4,150 loan helps a member to buy pigs.

iCrowdNewswire - May 2, 2016

Grupo Florencio Group

 
 
Grupo Florencio Group
In this Group: Mariano, Sofia, Martin, Amalia, Abel, Margarita

 

This quiet community is filled with many kind and hard-working people who are dedicated to the fields and to their families and who make any kind of effort to ensure that their families are well.

Fathers are usually those who migrate to Mexico City to look for a better source of work while, at home, housewives care for their children and for their home. However, some women also decide to help with the household expenses and the children’s education. A big part of the population makes a living raising and fattening animals as well as growing corn.

Mariano is a 65-year-old man, he is very cheerful, hardworking, and above all he is proud of his roots. He has been married to Petra for 19 years. Together, they have formed a family of 12 children, none of whom depend on the couple.

He says that, in his community, it was previously very easy to breed animals. Also, his father has always instilled in him to work very hard to cover his household expenses. This is why he decided to start breeding and fattening animals; initially, it was only calves. For some time, they worked very well without any difficulties; and at the time, it was a very good business. But at some point, he had a bad streak because all his calves died, and he was discouraged.

He decided to start breeding and fattening pigs. He, now, buys them small, grows, fattens and sells them. He says that he purchases them from small for four months and he works on growing them, fattening them to later sell them. Mariano comments cheerfully, “although they are very expensive when they are small, and the food is very expensive, the loan will help me purchase more piglets and food.”

Apparently, this is his only challenge, but he is confident that with the loan he will be able to grow his business without any difficulty. His only goal is to be able to grow his business to continue settling the household expenses.

The members of the group are: Sofia and Margaret who will invest in clothing, Martin in piglets, and Amalia y Abel in sheep.

* The photograph was taken on the steps of the kiosk.

Additional Information

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.

Contact Information:

Grupo Florencio Group

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