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The Stars Of Monte Blanco Group
In this Group: Balbina , Laura , Tereza , Isabel , Columba , Esperanza , Maria Camelia , Sofia , Sara, Liliana Guadalupe*, Concepcion
* not pictured
This photo was taken in Concepcion M.'s house. She is a member of the community bank named "The Stars of Monte Blanco" and it is located in the state of Veracruz in Mexico. In the photo the group of women are standing around the Concha's merchandise. She has sold cosmetics for the past
4 years. She requests a loan to purchase her product in bulk to be able to sell at better prices. Her clients consider her to be a very responsible and hard working person. When she requested this loan she was very happy because she will be reinvesting in her business. She is 38 years old and she graduated high school. She is married and she has a daughter. She requests this loan to purchase merchandise in wholesale to increase her earnings and to make get better prices. She hopes to improve her financial standing and be able to have some home improvements made, to provide hr family with a better quality of life.

Columba M. is the president of the group. She is 58 years old and she has a grade 6 education. She is a widow and she has a son. She has sold crafts for the past 2 years. She requests a loan to purchase more merchandise in Mexico city for resale.

The group is made up of 11 members:

Sofia M sells embroidered fabrics.
Teresa M sells groceries.
Laura P sells prepared foods.
Maria Camelia G. sells coffee.
Isabel H. sells plants.
Sara R. sells snacks.
Esperanza M. sells snacks.
Liliana Guadalupe M. sells cosmetics.
Balvina S sells chicken.
View original language description ↓
Esta foto fue tomada en la casa de Concepción M., un integrante del grupo Estrellas de Monte Blanco, que está ubicado en el Estado de Veracruz en México. Se ve al grupo de señoras alrededor de la mercancía de doña Concha en la foto. Ella se dedica a la venta de cosméticos que inició hace 4 años. Solicita el préstamo para comprar su producto por cajas ya que así le sale más barato. Sus clientes la consideran una persona muy responsable y trabajadora, y ya identifican al negocio de la clienta. Al momento de solicitar este préstamo se siente contenta pues va a reinvertir en su negocio. Tiene 38 años de edad, estudió hasta la secundaria, es casada y tiene una hija. Quiere este crédito para comprar mercancía por mayoreo para incrementar sus ganancias pues logra comprarlas más baratas. También espera mejorar su situación económica y poder realizar mejoras a su casa para darle mejor calidad de vida a su familia.
Columba M. es la presidente del grupo. Tiene 58 años, estudió hasta la primaria, es viuda y tiene un hijo. Ella se dedica a la venta de artesanías que inició hace 2 años. Solicita el préstamo para comprar artesanías en México para vender.
El grupo esta conformado por 11 integrantes quienes son:
Sofía M., venta de velillo;
Teresa M., venta de abarrotes;
Laura P., venta de comida;
María Camelia G., venta de café;
Isabel H., venta de plantas;
Sara R., venta de antojitos;
Esperanza M., venta de antojitos;
Liliana Guadalupe M., venta de cosméticos;
Balvina S., venta de pollo.

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
  • 11
    View loans »
    Mexico Loans Fundraising
  • $17,551,825
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of The Stars Of Monte Blanco Group's $3,375 loan helped a member to purchase various merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2010
Listed
Sep 9, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011