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Koral Group
In this Group: Victoria, Juana, Angelica, Angela Andrea, Maria Guadalupe, Elizabeth, Rosa Maria, Arianda, Valentina
The women called their group “Koral” because they consider themselves to be very special. They commented that even though coral is found underwater and moves according to the movement of the water, it’s not destroyed. This is like their friendship: transparent, firm and beautiful and this is how they want their group to be. It is located in Hidalgo and has 9 members.

Mrs. Victoria Hernández is the group President. She is 60 years old and a very enterprising, enthusiastic and hard working woman. She finished 6th graD.. She makes home-maD. tortillas, a business she started 14 years ago.

She is asking for a loan to expand the business to the extent she used to have it. Due to circumstances beyond her control she was unable to continue with her tortilL. shop which is why she’s now asking for funds to buy corn and a griddle. She dreams with having a tortilL. shop like back when she started her business.
View original language description ↓
Las señoras le pusieron “Koral” a su grupo porque ellas se consideran muy especiales, porque comentan que aunque un coral está debajo del agua y se mueve conforme el agua, no se destruye. Así es su amistad, transparente, firme, hermosa, y así quieren que sea su grupo, el cual se encuentra ubicado en Hidalgo y está formado por 9 integrantes.
L. Sra. Victoria Hernández es L. presidenta del grupo. Tiene 60 años es una mujer muy emprendedora, entusiasta y trabajadora elL. estudio hasta el 6to año D. primaria, es comerciante venD. tortillas hechas a mano y D. comal, el negocio lo inicio hace 14 años. L. señora Victoria solicita su crédito para poner nuevamente L. ampliación D. su negocio como lo tenía antes, dado que por causas D. fuerza mayor ya no pudo seguir teniendo su tortillería, por eso ahora elL. solicita este crédito para L. compra D. maíz y D. un comal. ElL. sueña con volver a tener L. tortillería que tenía cuando empezó su negocio.

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
  • 8
    View loans »
    Mexico Loans Fundraising
  • $17,360,450
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Koral Group's $2,575 loan helped a member to buy corn and a griddle.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2010
Listed
Oct 15, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011