This group is called 'Triunfo Común' (Mutual Triumph). The women gave the group the name 'Triunfo' ('triumph') because they are winners and 'Común' ('mutual') because they are seeking mutual growth. The group is in the State of Mexico and has 10 members. Yolanda Valdés is the group's president. She is 49 years old and studied tourism at University. She is a merchant who sells manual crafts. Her customers are people from the same community who order novelties for parties. As she requests her loan Yolanda feels happy. She would like to use this loan to invest and obtain more designs. She also hopes to be able to take her children on holiday to the beach. This photo was taken in Yolanda's home. The novelties which she sells can be seen in the photo.
Este grupo se llama Triunfo Común las Señoras le pusieron así porque son unas Triunfadoras y común porque buscan que sea crecimiento mutuo. Está ubicado en el Estado de México. El grupo está conformado por 10 integrantes. Yolanda Valdés es la presidenta del grupo. Tiene 49 años, estudió hasta la Universidad la carrera de Turismo, es comerciante de manualidades y tiene en total 3 hijos (2 mujeres y 1 varón). Ella se dedica a la venta de manualidades que inició hace 15 años. Solicita el préstamo para invertir en mercancía y poder realizar sus figuras y manualidades. Sus clientes son personas de la misma comunidad que le encargan novedades para fiestas. Al momento de solicitar este préstamo se siente contenta. Quiere este crédito para invertir y sacar más modelos. También espera poder llevarse a sus hijos de vacaciones a la playa. Esta foto fue tomada en la casa de la Sra. Yolanda, se pueden ver las manualidades que vende en la foto.
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.