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Avenida Del Trabajo Group
In this Group: Ma De Lourdes, Jocelyn, Maria Rosa, Blanca, Maria De Lourdes, Ma Elena, Maria Catalina, Irma, Reyna*, Rosa, Maria Socorro
* not pictured
This group is called “Avenida del Trabajo” (Avenue of Work) because the street where they gather to conduct their meetings has the same name. In addition, the women of this group are hardworking so the name is appropriate for them. The group meets in the town of Tepeapulco in Hidalgo and consists of eleven members. They have participated in five loan cycles with CrediComún.


Irma A. M. is the president of the group. She is 31 years old, in a common law marriage, and studied through high school. Irma works as a merchant and has four children (ages 4, 7, 8, and 10). Her husband paints houses and buildings, but since he has very little job security, she decided to start a business to help with the finances and raise the quality of life for her children. A year ago, Irma started a business selling Mexican street food. Thanks to the loans she has received while working with CrediComún, she has been able to increase her production as well as her sales. Sra. Irma says the responsibility for her success lies with CrediComún as well as with her group. She experiences the “give and take” relationship that the Institution has with all of the groups and each of the members.


María Elena Ramírez B. is the group treasurer. She is 39 years old and earned a technical degree. María Elena is in a common law marriage and has two children. She sells groceries and has eight years of experiences. Approximately a year and a half ago, as a result of the economic downturn, María Elena learned about the services and advantages available from receiving loans. She saw this as an opportunity to restart her business using the loans she received. Her customers have noted the tremendous growth in her business because she now offers products that she did not have previously and are not being offered by any other businesses in the area.

View original language description ↓
Este grupo se llama “Avenida del trabajo” y escogieron este nombre porque el lugar donde se reúnen es en la calle que lleva este nombre, además de que ellas son muy trabajadoras y le hacen honor a este nombre. Este grupo se encuentra ubicado en el municipio de Tepeapulco en Hidalgo, y llevan 5 ciclos trabajando con CrediComún y está conformado por 11 integrantes.
Irma A. M. es la presidenta del grupo. Tiene 31 años, vive en unión libre, estudió hasta la secundaria, es comerciante y tiene en total 4 hijos, de 4, 7 9 Y 10 años de edad. Su esposo se dedica a pintar casas, edificios etc., pero al ver la poca estabilidad laboral y por lo tanto la económica de su pareja, opta por emprender un negocio para apoyar en la economía y par la calidad elevar de vida de sus hijos. Ella se dedica a la venta de antojitos mexicanos, el cual inicio aproximadamente hace 1 año, momento en el que solicito su primer crédito en esta financiera y, que hasta el día de hoy a podido incrementar tanto su producción como sus ventas, gracias a los créditos que se le han otorgado en el tiempo que ha trabajado con nosotros. La señora Irma nos comenta de la responsabilidad que representa pertenecer a una institución como la nuestra, ya que siente la reciprocidad que esta empresa otorga a cada una de las integrantes de este y todos los grupos.
María Elena Ramírez B. es tesorera este grupo. Tiene 39 años, estudió una carrera técnica, Vive en unión libre y tiene 2 hijos. Ella se dedica a la venta de Abarrotes, en la cual cuenta con una experiencia de 8 años, sin embargo aproximadamente 1 año y medio tuvo una caída económica por lo cual al enterarse de las facilidades y ventajas que tenia la financiera al otorgar créditos, vio una oportunidad de poder reactivar su negocio a través de los prestamos que se le han otorgado. Los clientes que conocen a la Sra. Elena comentan que ha la fecha han notado un gran crecimiento en su negocio ya que anteriormente no contaba con algunos productos y después del apoyo ya ofrece productos que no se localizan en otros negocios del mismo giro.

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
  • 22
    View loans »
    Mexico Loans Fundraising
  • $18,615,650
    Funds lent in using Kiva
  • 12.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Avenida Del Trabajo Group's $3,050 loan helped a member purchase grocery items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 21, 2010
Listed
Sep 27, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011