Chicas Poderosas De Puente Group
The community is well known because of its history. In the XVI century a bridge was built which used to link the port of Acapulco and Mexico City. It still exists today on one siD. of the Palacio Municipal. The community took its name from the bridge as did the group.
The group has eleven members.
It should be noted that the an archeological site has recently been discovered in this area
Araceli F. is the group’s treasurer. She earns a living by selling thread, yarn, and embroidered napkins, a business she started eleven years ago. Araceli is seeking a loan to buy yarn and fabric to make the napkins. She is 34 years old, studied Spanish at university, is single and doesn’t have any children. She is happy right now as she is going to be able to buy yarn with the loan, have a greater range of stock, and be able to embroider more napkins. With the money she earns, she hopes to proviD. financial support for her parents. She is their sole means of support.
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