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Orquideas San Jose Group
In this Group: Angela Patricia, Alberta, Maria Teresa, Maricela, Rosa Matilde, Raquel Aurora, Alma Yesenia, Veronica, Alicia, Maria De Los Remedios Eduarda, Blanca Estela, Evelin
This group is called “Orquídeas de San José” (St. Joseph’s Orchids) so called because the group President likes orchids very much and she mentioned this to the group members. They agreed and that’s why it’s called that. It is located in Tula de Allende, Hidalgo, México. It has 12 members.

Mrs. Verónica M. Mejía, 28, is group President. She finished middle school and she makes and sells crafts. She started her business about three years ago and is asking for funds to invest in her business so that it will grow and to provide a better quality of life for her daughter and her family in general.

Mrs. Rosa Matilde Rodríguez T. is another member of the group. She is 39 years old and finished middle school. She is in a common law relationship and has two children who are 15 and 10 years of age. The oldest is a boy and the youngest is a girl.

Rosa Matilde sells fruits and vegetables, a business she started about 5 years ago. She is asking for funds to invest in the business hoping it will grow so that she will be able to provide her children with a better quality of life. They are the reason she tries so hard to get ahead making the best possible effort in the world.
View original language description ↓
Este grupo se llama Orquídeas de San José, tiene este nombre porque a la presidenta del grupo le gustan mucho las orquídeas y ella les comentó a las integrantes del grupo. El grupo estuvo de acuerdo y por ese motivo se llama así. Se ubica en Tula de Allende Hidalgo, México, el grupo está conformado por 12 integrantes.
La Sra. Verónica M. Mejía es la presidenta del grupo tiene 28 años de edad estudió hasta la secundaria, ella se dedica a la elaboración de manualidades y venta de estas, inició su negocio hace aproximadamente 3 años, solicita el préstamo para invertir en el negocio y que de esta manera crezca para darle una mejor calidad de vida a su hija y su familia en general.
La Sra. Rosa Matilde Rodríguez T. es otra integrante de este grupo tiene 39 años de edad estudió hasta la secundaria, su estado civil es unión libre tiene 2 hijos uno de 15 años y otro de 10 años de edad, el mayor es hombre y la menor es mujer. La Sra. Rosa Matilde se dedica a la venta de frutas y verduras, negocio que inicio hace aproximadamente 5 años, solicita el préstamo para invertir en el negocio ya que espera hacerlo crecer y de esta manera poder darle una mejor calidad de vida a sus hijos que son la razón por la que ella se esmera tanto en salir adelante echándole todas las ganas del mundo.

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
  • 7
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Orquideas San Jose Group's $4,550 loan helped a member to invest in the business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 30, 2010
Listed
Oct 11, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011