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The Sparrows Group
In this Group: Ines, Ana Laura, Maria Elena, Laura, Abilga, Ruth Cury Caberi, Noemi Sabina, Rosa Maria, Flor Del Rocio
The group is called "The Sparrows". It is located in the community of Itzamatitlan (a Nahuatl word meaning 'the turtles beneath the trees'), located in the state of Morelos in Mexico. The group is made up of 9 members.

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.
View original language description ↓
Este grupo se llama Gorriones, se encuentra ubicado en la comunidad de Itzamatitlan, que en Náhuatl significa tortugas bajo los amates, en el Estado de Morelos, México. Está conformado por 9 integrantes.Inés E., es la tesorera del grupo. Ella tiene 48 años de edad, vende servilletas y materiales para construcción, tiene 4 hijos (una mujer Laura y tres hombres José Luis, Martín y Roberto). Inés se dedica a esto desde hace 7 años, desde que tomo un curso de bordado. Ella se ha beneficiado, porque gracias a esta actividad ha podido apoyar económicamente a su esposo, don Roberto quien es campesino. Utiliza su crédito para comprar material que utiliza como telas, hilos, estambres y listones para bordar. Su sueño es comprar otra máquina de coser, ya que la que tiene ya está muy deteriorada.

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
  • 7
    View loans »
    Mexico Loans Fundraising
  • $17,540,000
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of The Sparrows Group's $2,225 loan helped a member to purchase materials for embroidery.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2010
Listed
Nov 10, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2011