This group is called “Muñequitas” ["Little Dolls"] and is located in the state of Mexico. The group has 12 members, including Ms. María Judith J., who is 48 years old. She has run a paper goods store for one year. She explains that before opening her business, she worked in a library. María only studied through secondary school, but this has not prevented her from achieving her dream of being a mother with the ability to offer her children the opportunity to get ahead. Her greatest dream is that her son will get a university education, as in the area where they live, it is common that young people become miners, brick makers, or work in the fields. With the loan offered to her by CrediComun and Kiva, she is going to stock her paper store so she can increase her earnings and therefore strengthen her business.
El grupo se llama “Muñequitas”, se encuentra ubicado en el Estado de México, está conformado por 12 integrantes.En el grupo se encuentra la Sra. María Judith J., de 48 años de edad. La clienta tiene una papelería desde 1 año; nos platica que antes de abrir su negocio trabajaba en una biblioteca; ella sólo estudió la secundaria pero eso no le ha impedido cumplir el sueño de cualquier madre, el poder brindarle o sus hijos la oportunidad de salir adelante, su máxima ilusión es que su hijo tenga una carrera universitaria, ya que en la localidad donde viven es común que los jóvenes se dediquen a las labores mineras, a la elaboración de tabique o al campo. Con el crédito que la institución le ha otorgado va a surtir su papelería para poder incrementar sus ingresos y de esta manera fortalecer su negocio.
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.