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Flor De Durazno Group
In this Group: Leticia, Susana, Luminosa, Maricela, Hortencia, Margarita, Nohemi, Adriana Dulce Maria, Cervanda, Lucia
This group is called Flor de Durazno because in the home where they meet there is a tree which, at a certain point in the year, has very striking pink flowers in clusters. The group is located in Moreles, in Mexico. Sra. Margarita C., a native of Totolapan, has a sewing workshop. Her family is made up of 5 members-her three grown sons, her husband, and herself. Her husband works in the same business. She wants the loan in order to increase her sales. Her plan for her business is to improve her sales by continuing to invest in her sewing shop. With the earnings that she generates she plans to build up a base of financial support for herself and her family, as well as to buy an embroidery machine for her business.
Observations: Mrs Leticia A. R. is the person who is not easily visible due to the reflection of the light when the photo was taken.
View original language description ↓
Este grupo se llama Flor de Durazno porque en la casa donde se reúnen hay un árbol que en determinada época del año dan unas flores muy llamativas en forma de racimos color rosa. Está ubicado en Morelos, en México. La Sra. Margarita C., es originaria de Totolapan, tiene un taller de costura, su familia está conformada por 5 integrantes, sus tres hijos varones, su esposo y ella; su esposo trabaja en el mismo negocio.Ella quiere el crédito para incrementar sus ventas. El proyecto que tiene con respecto a su negocio es mejorar sus ventas para seguir invirtiendo en su taller de costura y con las ganancias que esto le genere construir un respaldo familiar económico para ella y su familia, además de lograr comprar una maquina bordadora para su negocio.
Observaciones: La persona que no se ve bien por el reflejo de luz al tomar la foto, es la señora Leticia A. R..

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

  • $15,600
    Average annual income
  • 64
    View loans »
    Mexico Loans Fundraising
  • $20,015,475
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Flor De Durazno Group's $2,950 loan helped a member to invest in their business and increase their sales.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Oct 6, 2010
Nov 9, 2010
Currency Exchange Loss:
Feb 15, 2011