Las Pagadoras De Jojutla Group
Concepción A. Díaz is a member of the group. She has made her living selling groceries for three years now. She is requesting the loan in order to restock her store and with it, she will buy canned goods. She is 42 years old and finished three years of high school. She is single and has two children in total: a girl and a boy. Her customers are loyal to her because she is a trustworthy person.
She is happy now that she is requesting the loan because she knows that when her store is better stocked, she'll earn more money. She wants this loan so that she can restock her store. She wants to remodel her store so that it will look nicer and attract more customers. With her earnings she hopes to give her children a better education.
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