Rosario T.G. is another member of this group. She is 25 years old and completed high school. Rosario is single and does not have children. She has been selling clothes for eight years. The loan she is requesting will be used to buy clothing and gifts. Her customers are residents from the same community. Upon applying for her loan, she felt committed to pay her obligations. She wants this loan so that she can increase her business and make it profitable.
The other group members are as follows:
Martha G. S. – sells cooking utensils and shoes
Rosa G. M. – sells candy
Alicia G. G. – sells soft drinks
Anastasia M.D. L. L. – sells food
María Elena N. D. J. – sells Avon products
Griselda T. G. – sells Jafra cosmetics and shoes
María Angélica M. F. – sells corn on the cob and pork rinds
Los otros integrantes del grupo son:
Martha G. S. Vta.: traste y zapatos
Rosa G. M. Vta.: dulces
Alicia G. G. Vta.: refresco
Anastasia M.D. L. L. Vta.: Comida
María Elena N. D. J. Vta.: a von
Griselda T. G. Vta.: Jafra y zapatos
María Angélica M. F. Vta.: elotes y chicharrones
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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Success!! The loan was 100% repaid