Flor De Cachi Group
It is located in Ixtlahuca de Rayón, Estado de México. It is made up of 12 members and this is their 5th loan request from CrediComún.
Mariana Álvarez Nicolás , 42, is one of the group members. She completed 8th grade, is a housewife and has three children (one boy and 2 girls). She has raised small farm animals like, lambs and calves, for five years. She is asking for funding to buy animals. At the moment of asking for the loan she is happy because she sees an opportunity to continue growing with her business and becoming financially solvent. She hopes to be able to help her children become educated, since she did not have the opportunity to continue with her schooling due to her parent’s inability to provide her with that help.
She wants the funds to buy feed for her animals. Part of the money will be used to farm her lands in order to have corn and grass to feed her animals. She hopes to sell them at a good price and, with help from future loans, buy more heads of cattle until having a considerable amount that will permit her to have an additional business consisting of animal pelt sales. She also hopes that she will make enough income to build a more comfortable house for her family and, if possible, see to her children become professionals.
Mariana Álvarez Nicolás es integrante (a) del grupo. Tiene 42 (años), estudió hasta el 3o año de secundaria, es Ama de casa y tiene en total 3 hijos (1 hijo, y 2 hijas). Ella se dedica a la cría y venta de animales como: borregos, becerros que inició hace 5 años. Solicita el préstamo para la compra de animales. Al momento de solicitar este préstamo se siente muy contenta por que ve una oportunidad de seguir creciendo con su negocio y así obtener solvencia económica que le permita ayudar a sus hijos con sus estudios ya que ella no tuvo la posibilidad de seguir estudiando por que sus padres no tenían la posibilidad de brindarle esa ayuda. Quiere este crédito para comprar alimento para la crianza de sus animales, parte del dinero es destinado también para el cultivo de sus tierras y así tener maíz y sácate con que darles de comer a sus propios animales; ella desea vender sus animales a un mejor precio y con la ayuda de los próximos créditos contar con mas cabezas de ganados hasta llegar a una cantidad considerable que le permita tener otro negocio como la venta de pieles y también espera que con los ingresos que llegue a tener pueda construir una casa mas cómoda para su familia y que si es posible que sus hijos lleguen a ser unos profesionistas.
About CrediComunThis loan is administered by CrediComun, a Kiva Field Partner since February 2010. CrediComun is dedicated to providing loans to groups of women in rural areas in Mexico, and is beginning to lend to individuals as well. One of its newest branch offices is in Ciudad Neza, a poor suburb on the outskirts of Mexico City. CrediComun has grown rapidly since its inception in 2005, with 37 branch offices and over 350 employees, and was ranked the 12th best microfinance institution in Latin America in 2010 according to the Microfinance Information Exchange (MIX).
For more information on CrediComun, please visit its partner page. If you would like to support CrediComun and its borrowers, please visit its lending team.
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.
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