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Rositas Del Ocho Group
In this Group: Carmela, Elizabeth, Epifania, Eldida, Gloria, Karina, Laura, Maria, Maria Guadalupe, Maria Del Pilar, Silvia
This group is called Rositas del Ocho because they come from from the neighborhood "Ocho" and roses are the ladies' favorite plant. They're located in Ixtlahuaca D. Rayón Mexico. It's a place where people go to reach their objectives by making use of the opportunities offered to them. This group consists of 11 members.

One of the members is Epifanía S. Domínguez. She's 48-years-old and she only studied through elementary school. She says that she was unfortunately not able to continue studying because of the bad economy that her parents experienced at the time and they had to count on the whole family. She raises hogs. She's married and has a 20-year-old son who continues to study. Each day she looks for a way to help her husband and cover her basic expenses. Epifanía sells her livestock in Ixtlahuaca. She began this business 7 years ago hoping that it would be an additional source of income that would help her family's finances. She's liked raising her animals because she knows that the income helps her son stay in school.

At this moment she feels very happy because she has the opportunity to buy supplies to continue fattening her hogs and sell them for a higher price. She also hopes that with the loan she will begin to grow her business and eventually build a bigger corral.
View original language description ↓
Este grupo se llama Rosita del Ocho porque en donD. habitan lo nombran como barrio ocho y lo D. rositas porque dicen es la planta que más le gusta a las mujeres, en este caso a cada una del grupo. Está ubicado Ixtlahuaca D. Rayón México, es un lugar donD. las personas buscan alcanzar sus objetivos aprovechando las oportunidades que les ofrecen. El grupo está conformado por 11 integrantes.

Una D. las integrantes del grupo se llama Epifanía S. Domínguez. Tiene 48 años solo estudió la primaria, comenta que desafortunadamente no pudo seguir estudiando por la baja economía que tenían sus padres en ese tiempo y tenían que ver por toda la familia causa que no le permitió seguir sus estudios, se dedica a la cría y engorda D. puercos, es casada y tiene 1 hijo D. 20 años que sigue estudiando, día a día busca la manera D. ayudar a su esposo y así cubrir cada una D. sus necesidades. Epifanía comercializa su ganado en Ixtlahuaca, inició desD. hace 7 años el negocio buscando que fuera una fuente D. ingreso que ayudara a su economía familiar, le ha gustado criar a sus animales y más a un le da un gran gusto porque sabe que con ello ayudará a que los estudios D. su hijo se realicen.

Al momento D. solicitar este préstamo se siente muy contenta porque tiene la oportunidad D. comprar alimento para seguir engordando sus puercos y así poder venderlos en una cantidad más alta. También espera que con el préstamo empiece a crecer su negocio y se construya a futuro un corral más granD..

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
  • 38
    View loans »
    Mexico Loans Fundraising
  • $19,077,825
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Rositas Del Ocho Group's $3,275 loan helped a member working capital.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2010
Listed
Oct 5, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011