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El Naranjo Group
In this Group: Maria De Jesus, Alberta, Rosa Maria, Edith, Elvira, Ana Maria, Oliva, Margarita, Carmen, Anel Karina
This group is called “El Naranjo” (The Orange Tree) and it has ten members. María de Jesús Guzmán R., 46, is one of them and she has sold bedspreads for 26 years. She wants the loan, however, to buy piglets to start a new business that she’s always wanted. She comments that some time ago she organized a “tanda” (rotating credit associations formed upon a core of participants who agree to make regular contributions to a fund which is given in whole or in part to each contributor in rotation) with which she was able to build pens for her pigs but when she found out about the organization she preferred to form a group of women with the same goals as herself but who hadn’t been able to find someone who would trust them.

The name of the group is inspired by a prominent fruit tree in María De Jesús’ house. She has four children. Her youngest child helps her raise the pigs. Her intention is that with loans from the institution she will be able to send her son in the future to finish high school.

She dreams with having a farm in the future that will lead to a better quality of life despite completing only elementary school. She hopes history will not repeat with her children and grandchildren and this is why she wants to help them have access to higher education since she wanted to be a veterinarian ever since she was a little girl; thus her desire to care for animals.
View original language description ↓
Este grupo se llama “El Naranjo” se integra de 10 clientas. En él se encuentra la señora María de Jesús Guzmán R., la cual cuenta con 46 años de edad, y tiene 26 años en su negocio de colchas, pero el crédito lo quiere para comprar puerquitos e iniciar así el negocio que siempre había deseado, nos comenta que hace tiempo organizó una tanda con la cual construyó unas jaulas para poder criar a sus puercos, al conocer a la institución prefirió organizar a un grupo de señoras que como ella tenían la misma intención pero les hacía falta que alguien confiara en ellas.

El nombre del grupo fue inspirado en un árbol frutal que caracteriza a la casa de la señora María De Jesús, la señora tiene 4 hijos, el menor de ellos es quien le ayuda a la crianza de puercos, su intención es que algún día con los créditos que la institución le otorga pueda apoyar a su hijo para que regrese a estudiar la preparatoria. Ella sueña en un futuro tener una granja y con ello tener una mejor calidad de vida, a pesar de sólo haber estudiado la primaria ella no quiere que la historia se repita con sus hijos y nietos, por eso desea apoyarlos para que tengan acceso a una educación superior, ya que ella de niña deseaba estudiar veterinaria, de ahí la inquietud por cuidar animales.

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
  • 21
    View loans »
    Mexico Loans Fundraising
  • $19,058,800
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Naranjo Group's $2,750 loan helped a member to invest in her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2010
Listed
Oct 5, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2011