Las Divinas De San Mateo Group
The group has 11 members and this is the first time that they have requested a loan from Credicomun. Maria del Carmen H. V. is a member of the group. She is in the stationery store and Internet business. She started her business 8 years ago. She is requesting a loan to buy seasonal merchandise. She is 49 years old and studied to elementary school level. She is middle class and has an 18 year-old son. Her customers are all kinds of people as her store is located in one of the central streets of town. Above all, a lot of school children pass by. As she requests this loan she is feeling happy and grateful for the support which she is being offered. She wants to use this loan to take advantage of the season and buy seasonal merchandise for the traditional holiday period.
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