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Lilas Group
In this Group: Estela , Juana , Nancy Melina , Nazaria , Oliva , Miriam , Maria Del Rosario , Perla Flor , Margarita , Griselda Esmeralda
This group is called LILAS and is located in the State of Morelos. It is maD. up of ten members. Oliva serves as the group’s president and is 28 years old. She sells shoes through a catalog.

María is a widow who sells food and began doing so 15 years ago when her mother passed away. She did not have a source of income, so her neighbors suggested that she begin selling gorditas and atole. Her economic situation was not very good, and her husband was unemployed, he helped as he could, but years later he also passed away. She continued with the business and it allows her to get ahead. Over time she consolidated and complemented the business and today she sells gorditas during the week and pozole on the weekends. (both are typical dishes) She has problems with her health and the work helps keep her from getting depressed. She is asking for this loan in order to be able to maintain her business and stock it with supplies and ingredients.
View original language description ↓
Este grupo se llama LILAS, esta ubicado en el Estado D. Morelos. El grupo esta conformado por 10 integrantes.

L. señorita Oliva Castañeda ocupa el puesto D. Presidenta del grupo tiene 28 años D. edad, venD. zapatos por catalogo.

L. señora María del Rosario, es viuda y se dedica a L. venta D. comida desD. hace 15 años, cuando falleció su Mamá, al no tener ingresos, sus vecinas le dijeron que vendiera gorditas D. manteca con atole, ya que su situación económica era muy difícil, su esposo no tenia trabajo y le ayudaba, años mas tarD. falleció el señor y elL. continuo con el negocio, mismo que hoy en día le permite salir adelante. Con el paso D. los años fue consolidando y complementando el giro y hoy en día venD. gordas entre semana y pozole los fines D. semana (ambos son platillos típicos). L. señora tiene problemas D. salud, el trabajo le ayuda a no deprimirse. Solicita el crédito para dar mantenimiento a su negocio y surtirlo D. materias primas.

Additional Information

About CrediComun

This 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.

About Mexico

  • $11,249
    Average annual income
  • 7
    View loans »
    Mexico Loans Fundraising
  • $17,362,500
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Lilas Group's $3,675 loan helped a member supplies and Ingredients.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010