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Francisco I Madero Group
In this Group: Teresa, Juana, Ma Luisa, Leticia, Virginia, Cristina, Nicolasa, Dolores, Flora
This group is called Francisco I Madero as this is the name of the street where the group meets, it is located in the state of Morelos in Mexico, the group is made up of 9 members.Cristina E. R. is the treasurer of the group, she is 37 years old, she studied up to the 3rd year of middle school, she is a screenprinter, she has 3 children: one girl and 2 boys. She has a screenprinting business which she began 4 years ago, she is requesting the loan to buy plastic to make bags, as it is nearing the Christmas season and this is when she has the most work, at this time of requesting the loan she is feeling happy because she will have material to complete the orders of her customers. She wants this loan to supply her business with stock, one of her projects for next year is to buy a van to distribute her stock as at the moment she has to borrow a vehicle to transport her goods.
View original language description ↓
Este grupo se llama Francisco I Madero porque así se llama la calle donde se reúne el grupo, está ubicado en el estado de Morelos en México, el grupo está conformado por 9 integrantes.Cristina E. R. es la tesorera del grupo, tiene 37 años, estudio hasta el 3er año de secundaria, es serigrafista, tiene en total 3 hijos: una mujer y 2 varones. Ella se dedica a la serigrafía negocio que inicio hace 4 años, solicita el préstamo para comprar plástico para hacer bolsas, ya que se acerca la temporada navideña y es cuando más trabajo tiene, al momento de solicitar el crédito se siente contenta porque tendrá material para cumplir con los pedidos de sus clientes. Quiere este préstamo para surtir de mercancía su negocio, uno de sus proyectos para el siguiente año es comprarse una camioneta para distribuir su mercancía ya que por el momento pide prestado un vehículo para trasportar sus artículos

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
  • 14
    View loans »
    Mexico Loans Fundraising
  • $18,793,250
    Funds lent in using Kiva
  • 12.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Francisco I Madero Group's $2,300 loan helped a member to buy material to make screenprinted bags.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 16, 2011