Ms. Olivia S. D. is a member of this group. She is originally from this community, having lived here for 35 years. She works as a seamstress. Her regular customers are her neighbors and family who live near her house. The items which she sews and sells are tablecloths, napkins, and cloth book covers, among others. She is 35 years old and has a high school education. She is a single mother of 2 daughters that currently depend on her. She wants this loan so that she can continue investing in her business that for the last 5 years has given her the opportunity to support her daughters. She hopes that with the loan her business will continue growing and already she has several orders for napkins to make. Ms. Olivia also works as a house cleaner, where she received an income to pay for the education of her daughters. She wants to invest the loan in buying raw materials (yarns, threads, fabrics) to make her products.
La Sra. Olivia S. D. es integrante de este grupo. Ella es originaria de esta comunidad ha vivido ahí 35 años y se dedica a la elaboración de costuras desde hace 5 años. Sus clientes frecuentes son sus vecinos y familiares que viven cerca de su domicilio. Ya que sus costuras las vende por encargos tales como: manteles, servilletas, carpetas, entre otros. Tiene 35 años, estudio hasta la secundaria. Es madre soltera de 2 hijas, que actualmente dependen de ella. Quiere este crédito para seguir invirtiendo en su negocio que durante 5 años le ha dado la oportunidad de mantener sus hijas. Y desea que con el prestamo su negocio se siga fortaleciendo, ya que tiene varios pedidos de servilletas por elaborar. La Sra. Olivia también se dedica al trabajo domestico, donde obtiene un ingreso para la educación de sus hijas. Y desea invertir el crédito en la compra de materia prima (estambres, hilos y telas) para la elaboración de sus costuras.
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.