Trebol De La Suerte Group
‘Trébol de la Suerte’ is made up of eight members, one of whom is María del Jazmín Sánchez. She started selling vegetables one year ago and is currently requesting a loan to stock her business. She will purchase more vegetables to obtain a greater variety.
María is 32 years old and has completed three years of high school. She is single and has no children. Her customers are happy with María because she can provide them with everything they need. María is happy to receive this loan because she will be able to expand her business. With the earnings that she makes María plans to purchase materials in order to start building a store in her house so that when she has children she won’t need to leave home to work.
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