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Xochicalco Group
In this Group: Isabel, Antonia, Raquel, Raquel, Maria Del Carmen, Elena, Minerva, Mercedes, Ma Del Carmen
This group is called “Xochicalco” and located in the State of Morelos in Mexico. The community is known for the important archaeological site of Xochicalco, which means “the place of the house of flowers”. This place was founded between the years of 650-900.


This group consists of nine members. Sra. Mercedes S. is a member of the group. She sells food and started her business three years ago. Mercedes is married and has three children, all sons who are 10, 8, and 6 respectively. She sells food from a mobile stand that she parks outside of her house and at the community school. Upon submitting her loan request, Mercedes felt happy because this is the first time she is being given credit. She wants to use this loan to buy nonperishable supplies such as oil and rice for preparing her dishes. In addition, she hopes to use her earnings to buy a small table and paint for the façade of her house.

View original language description ↓
Este grupo se llama Xochicalco, se ubica en el estado de Morelos en México, esta comunidad se distingue por el importante sitio arqueológico Xochicalco, que significa el lugar de la casa de las flores, este lugar fue fundado en los años 650-900. El grupo está conformado por 9 integrantes.La Sra. Mercedes S., es integrante del grupo, se dedica a la venta de comida, negocio que inicio hace tres años, solicita el préstamo para comprar insumos. Mercedes tiene 30 años, estudio hasta el 6o año de primaria, es casada tiene un total de 3 hijos todos varones de 10,8 y 6 años de edad respectivamente. Su puesto es ambulante, es decir vende la comida fuera de su casa, y en la escuela de la comunidad. Al momento de solicitar el préstamo se siente contenta porque es la primera vez que se le otorgará un crédito, quiere este crédito para comprar insumos no perecederos como aceite y arroz que utiliza para la elaboración de su comida, también espera que con las ganancias pueda comprar una mesita o pintura para la fachada de su casa.

Additional Information

About CrediComun

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.

About Mexico

  • $11,249
    Average annual income
  • 10
    View loans »
    Mexico Loans Fundraising
  • $17,541,650
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Xochicalco Group's $3,050 loan helped a member purchase oil & rice.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2010
Listed
Nov 8, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2011