The Sparrows Group
Ines E. is the treasurer of the group. She is 48 years old and she sells napkins and building materials. She has 4 children (one girl named Laura, and three boys named Jose Luis, Martin and Roberto). Ines has had her business for the past 7 years after having taken an embroidery course. This has been very valuable to her because it is through this business that she has been able to contribute together with her husband, Roberto. He is a farmer. She will use her loan to purchase more materials such as fabrics, threads, yarn, and ribbons to make her crafts. Her dream is to purchase another sewing machine. The one she has is very worn out.
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