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Pino Suarez Group
In this Group: Ofelia, Norma Hermelinda, Susana, Araceli, Maria Dolores, Zenaida, Rosa, Vianey, Maria Guadalupe
This group is called "Pino Suarez", because that is the name of the street in which it is located, in the Mexican state of Hidalgo. Rosa Hernández is a member of this group. She is married and has a 14-year-old son, who is her dependent. Rosa has no education, but she has worked selling sweets and enchiladas outside her home for 21 years. She seeks this loan to buy inputs for her business. She is very happy to get this loan because she will be able to invest and establish more business for the Day of the Dead, as sweets and enchiladas are traditional for this region.

(Note: Araceli A. G. moved while the picture was taken and you can only see her eyes and hair.)
View original language description ↓
Este grupo se llama “Pino Suarez” ya que así se llama la calle en donde está ubicado, en el Estado de Hidalgo, México.Rosa Hernández es integrante del grupo, ella es casada y tiene un hijo de 14 años, el cual es su dependiente económico. Rosa no cuenta con estudios, pero se dedica a la venta de dulces y enchiladas desde hace 21 años afuera de su casa, solicita el crédito para la compra de insumos para su negocio, ella se siente muy contenta al solicitar su crédito pues podrá invertir para estas fechas y acreditar más su negocio para el día de muertos, ya que de acuerdo a la tradición los dulces y enchiladas son típicos de la región.
Observaciones: La señora Araceli A. G. se movio al momento en que se tomo la foto y sólo se le ven los ojos y cabello.

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

  • $15,600
    Average annual income
  • 38
    View loans »
    Mexico Loans Fundraising
  • $19,119,800
    Funds lent in using Kiva
  • 12.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Pino Suarez Group's $2,175 loan helped a member invest in business and make seasonal purchases.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2010
Listed
Nov 2, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 3, 2012