Reyna A. is a member of this group. She is 49 years old, and she went to school until the second year of high school. She is married and has a total of four children, three girls and a boy. Two of the children are dependent upon her. She has been living in the community for two years. She sells tortillas and groceries, an activity she started nine years ago.
The loan she is requesting is to buy corn, gas, and groceries. She used a loan to buy a gas tank, a “comal” (ceramic dish or metal hotplate for cooking tortillas), and a press for making tortillas. This motivated her to get ahead with her business. Her customers say that the tortillas that Reyna sells are well maD.. This inspires confidence in buying them because the customers know they are getting a quality product.
Upon requesting this loan Reyna feels motivated and committed to continue working in order to be able to reach her goals. She wants this loan in order to increase production, strengthen her business, and help her children finish their education.
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