This group is called Terciopelo de Santa Rosa (Velvet of Santa Rosa). It is located in the community of Santa Rosa de Lima in the state of México. The group consists of 11 members, and this is the first time that they have applied for a loan at CrediComún. Maria Luisa G. is one of the members. She is 47 years old, and she attended school up to the fourth year of primary school. She has two sons. She is mainly a housewife, but she also has a business. She buys and sells lambs, a business that she began two years ago. She is applying for the loan to buy feed and lambs. Her customers are her own neighbors in Santa Rosa de Lima. On applying for this loan, she felt happy and committed to the responsibility that goes with applying for the loan.She wants this loan to strengthen and grow her business.
Este grupo se llama Terciopelo de Santa Rosa. Está ubicado en la comunidad de Santa Rosa de Lima en el Estado de México. El grupo está conformado por 11 integrantes y es la primera vez que solicita un crédito a CrediComún.Maria Luisa García es integrante de este grupo. Tiene 47 años estudio hasta el cuarto año de primaria, es ama de casa principalmente pero tambien se dedica al comercio y tiene en total 2 hijos (varones). Ella se dedica a la compra y venta de borregos que inicio hace 3 años. Solicita el prestamo para comprar alimento y borregos. Sus clientes son sus propios vecinos de Santa Rosa de Lima.Al momento de solicitar este prestamo se siente contenta y comprometida con la responsabilidad que conlleva solicitar el credito. Quiere este prestamo para fortalecer y hacer crecer su negocio.
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.