It is located in the community of Tiacaque, México, which has a tourist center of the same name noted for its trout hatcheries. Adjacent are the communities of San Francisco Cheje and Ejido de Malacota. It’s a place where residents, for the most part, raise livestock: sheep, calves, doves and wild animals in general.
The group has 12 members. One of them is María Cristina O. M., 28. She finished secondary school and she comments that she wants to use her business to help her husband so that their children can become professionals as well as learn to run a business so that some day they can have their own.
She is married and has two children, a boy and a girl. She raises sheep that she sells in the Ixtlahuaca market on Mondays and also to neighbors and relatives primarily.
She started four years ago not thinking it would become a source of income. She enjoys the business because profits she earns from it provide a few comforts for her children but especially guarantees that they have enough to eat.
Her dedication and perseverance will make good sales possible because she has faced difficulties, like animal disease and death, in the past. However, with help from the loan she will rise above these problems and keep her business safe.
About CrediComunThis 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.
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Success!! The loan was 100% repaid