This group is called “Llena de Amor” (Full of Love) because that is how its members feel. It is located in Lazaro Cadenas district in the State of Mexico. The group has 10 members and this is the 1st time that they have requested a loan from CrediComún. Isabel C. García is one of the group's members. She is 38 years old and studied a technical course. She is a stylist. She has 3 sons. She started working as a stylist 7 years ago. She is requesting this loan to invest in beauty products, dyes, etc. Her customers vary since her business is located in a very busy street. At this moment, requesting her loan, she is feeling happy to be beginning a new loan with us. She would like this loan so that she can invest in fittings and supplies since the materials which she requires are quite expensive. She also hopes to be able to grow as a person.
Este grupo se llama LLENA DE AMOR, porque ellas se sienten así. Está ubicado en la colonia Lazaro Cardenas, en el Estado de México. El grupo está conformado por 10 integrantes y es la 1era vez que solicita un crédito a CrediComún. Isabel C. García es integrante del grupo. Tiene 38 años, estudió una carrera técnica, es Estilista y tiene en total 3 hijos varones. Ella es estilista que inició hace 7 años. Solicita el préstamo para invertir en artículos para la estética, tinte etc... Sus clientes son variables ya que se encuentra en una calle transitada. Al momento de solicitar este préstamo se siente feliz ya que está iniciando un crédito nuevo con nosotros. Quiere este crédito para poder invertir en moviliario y mercancía ya que es un poco caro todo su material que requiere. También espera poder crecer como persona.
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.