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Arcoiris De Lerma Group
In this Group: Monica, Ma Sebastiana, Alicia, Virginia, Elvia, Eva, Maricela*, Ma Dolores, Estela, Edith*
* not pictured
This group is called “Arcoíris de Lerma” (Rainbow of Lerma) and one of its members is Sra. Elvia T.. She is 50 years old and says she has five children and nine grandchildren. Her husband is named Andrés Martínez Alvarado and has worked as a mason for 30 years. Elvia has a business selling clothes, candy, and fritters. At first she made her living by growing and harvesting corn, kidney beans, and lima beans. She also made tortillas, raised cows and horses, and took in clothes to launder and iron. With the loans she is now able to generate more profits from her business. Elvia dreams of seeing her grandchildren have a better quality of life.

Another member of this group is Sra. Mónica Martínez T., who is Sra. Elvia’s daughter. Mónica is 22 years old and has a five year old son. She works as a nail technician, but she also performs eyebrow shaping and eyelash curling. Mónica is currently studying to become a professional stylist. Her loan will be invested in materials. With the subsequent loans she plans to receive, she hopes to build a salon where she can set up her aesthetics practice.

View original language description ↓
Este grupo se llama “Arcoíris de Lerma”, en él se encuentra la señora Elvia T. de 50 años de edad, ella nos comenta que tiene 5 hijos y 9 nietos. Su esposo se llama Andrés Martínez Alvarado el cual lleva 30 años trabajando de albañil. Su negocio es la venta de ropa, venta de dulces y frituras. Al principio la señora se dedicaba a la siembra y cosecha de maíz, frijol, y aba, hacía también tortillas, cuidaba vacas y caballos, también lavaba y planchaba ropa. Ahora los créditos le seguirán ayudando para tener mayor ganancia en su negocio y su ilusión es que sus nietos tengan una mejor calidad de vida. En este grupo también se encuentra la señora Mónica Martínez T., quien es hija de la señora Elvia T., Mónica tiene 22 años de edad, un hijo de 5 años y se dedica a la aplicación de uñas, planchado de cejas y rizado de pestañas, actualmente estudia estilismo profesional, su crédito lo invertirá en material y con sus próximos créditos piensa construir una accesoria para poner una estética.

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

  • $15,600
    Average annual income
  • 64
    View loans »
    Mexico Loans Fundraising
  • $20,015,475
    Funds lent in using Kiva
  • 12.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Arcoiris De Lerma Group's $3,600 loan helped a member operating capital to reinvest into the business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Sep 8, 2010
Sep 28, 2010
Currency Exchange Loss:
Jan 15, 2011