This group, called "Las Alondras del Crestón" (The Larks of Creston), has this name because a river passes by the place that they meet, and at this river birds called alondras (larks) go down to bathe themselves. The women like these birds very much, and so for this reason they decided upon this name for their group. They say that the larks have a brightness that reflects their great hope. This place is located in the community of Crestón, in Hidalgo, Mexico. This group has 10 members. Rosario Catalina is a member of the group. She is 43 years old, has a high school education, and has 2 male children. She has had a small eatery for 5 years. She requests a loan to make improvements to her business. Her customers say that they enjoy eating in her establishment because she is very cheerful and welcoming. Now, requesting this loan, she feels very content and is eager to work, because she requests the loan to improve her business so that she can continue to provide good service and, on her part, achieve her dream of buying an automobile.
Este grupo se llama Las Alondras del Crestón, tiene este nombre porque en el lugar donde se reúnen pasa un río y ahí bajan a bañarse las aves llamadas alondras, a las señoras les gustan mucho por este motivo decidieron ponerle ese nombre a su grupo, dicen que las alondras tienen un brillo que refleja una gran esperanza. Está ubicado en la comunidad del Crestón en Hidalgo, México. El grupo está conformado por 10 integrantes. La señora Rosario Catalina es integrante del grupo. Tiene 43 años, estudio el bachillerato, y tiene en total 2 hijos varones. Ella tiene una cocina económica la inicio hace 5 años. Solicita el préstamo para hacerle mejoras a su negocio. Los clientes dicen que les agrada comer en ese negocio porque la señora es muy alegre y acogedora. Al momento de solicitar este préstamo se siente contenta y con muchas ganas de trabajar, ya que solicito el crédito para mejorar su negocio y seguir brindando un buen servicio, y a su vez lograr su sueño de comprar un automóvil.
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.