Colibri X Group
The president, Yuridia, has a carpentry shop with a good supply of work to be done. Yuridia shares her ideals with her husband and works hard with him in the carpentry shop. Just recently, they completed a very pretty integral kitchen and they can already count on more orders for kitchen furniture.
Each and every one of these women has a different history, but in general they are hard-working women with businesses created on the basis of personal sacrifices, with the hope of providing a better future for their children. They are enterprising and dedicated to obtaining a loan that will promote their economic activities.
In general terms, this group today is very motivated. They want the loan to invest in their businesses and they hope that the name of the hummingbird and its presence will give them good luck.
Observations: In the photo a girl appears in the back with a cap.
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