This group is called “Maria Guadalupe”. It is located in Metepec, in the State of Mexico There are 11 members, including Mrs Apolonia ManueL. H. who is 43 years old. She has had a grocery store for 10 years. She has 2 daughters and 1 son who are financially dependent on her and her husband. She tells us that she decided to set up her business because her husband's income quite often didn't manage to cover their needs and those of their 3 children. Thanks to loans, she was able to open her store. She would like this loan because it would be a great help. It would enable her to better stock her store and buy more merchandise so that her business can keep growing. She would like her business to be achieve a level of stability so that she can guarantee the university studies of her 2 daughters and her son who is still in elementary school.
El grupo se llama “MARIA GUADALUPE” se encuentra ubicado en Metepec, Estado México. Está conformado por 11 integrantes, entre ellas está L. Sra. Apolonia ManueL. H. D. 43 años D. edad.ElL. tiene una tienda D. abarrotes desD. hace 10 años, tiene 2 hijas y 1 hijo, los cuales dependen económicamente D. elL. y su esposo, L. señora nos comenta que decidió iniciar su negocio por que los ingresos D. su esposo muchas veces no le alcanzaba para cubrir sus necesidades y las D. sus 3 hijos. Gracias a préstamos ha podido abrir su tienda, quiere este prestamo porque le sería D. gran ayuda para surtir más su tienda y comprar más mercancía para que se negocio siga creciendo.L. señora desea que su negocio tenga una estabilidad para que con ello pueda asegurar las carreras universitarias D. sus 2 hijas y D. su hijo que aun está en primaria.
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.