Felicitas sells fruit and vegetables, a business which she started 5 years ago. She is requesting this loan to stock her business with fruit and vegetables so that she can set up a stall in the open-air market. Her customers speak well of her because she is very kind and has everything that her they ask for.
As she requests this loan, Felicitas feels very happy and enthusiastic as she will be able to grow her business and increase her sales. She would like this loan so that she can become known in other communities but she needs to have a large quantity of goods in stock if she wants to sell outside her own community in the open-air market. She would also like to continue providing her children with an education as they are her motivation to continue working.
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