This picture was taken in front Sra. Gloria J. C.'s store. She is a member of the communal bank “Mujeres Audaces” (Bold Women), which is located in Puebla, México. In the photograph, you can see her business as well as some of the groceries that doña Gloria makes her living selling. She has run her business for 6 years. Her customers say that they purchase basic goods from doña Gloria because hers are more accessible than in other stores. Doña Gloria is happy with her loan and is pleased that someone trusts in her and in her companions. She is 38 years old, and although she only had the opportunity to attend elementary school, it hasn't prevented her from getting ahead. She is the mother of 3 children, two girls and one boy. With the loan, she plans to continue investing in her grocery store and increasing her number of customers as well as her merchandise. She is firm in her plans to expand her house; she would feel happy about generating more wealth for herself and for her family. She also plans to provide an education for her children, so that they can get a degree and have more opportunities in life.
Esta foto fue tomada en el negocio de la Sra. Gloria J. C., integrante del grupo “Mujeres Audaces” que está ubicado en Puebla, en México. En la foto podemos apreciar el local y parte de los abarrotes que la señora se dedica a vender; ella tiene 6 años con su negocio. Sus clientes dicen surtirse de productos básicos con doña Gloria porque están más accesibles que en otras tiendas, la clienta se siente contenta con su préstamo ya que le agrada la idea de que alguien confíe en ella y sus compañeras. Ella tiene 38 años, solo tuvo la oportunidad de cursar hasta la primaria, pero eso no le impidió salir adelante, es madre de 3 hijos; dos mujeres y un varón, con el crédito ella piensa seguir invirtiendo en su negocio de abarrotes e incrementar el numero de clientes, así como de mercancía, tiene la firme idea de ampliar su casa así se sentiría feliz de estar generando mas patrimonio para ella y su familia, de igual manera proporcionarles estudios a sus hijos para que terminen una C. y tengan mejores oportunidades en la vida.
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.