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Estrellas Del Carmen Group
In this Group: Yessica, Ana Karen, Ana, Ema, Maria Angelica, Silvia, Juana, Josefina, Maria Magdalena, Maria Teresa, Patricia, Miriam Veronica
This group is called 'Estrellas del Carmen' (Stars of El Carmen) and is located in El Carmen, in the State of Mexico. The group has 12 members. One of the members is Mrs Ana T. B. who is 41 years old. She has been married for 25 years and has 9 children; 5 daughters and 4 sons, all of whom are now married.

Ana has been selling cleaning products for 8 years. She comments that she decided to set up her business because her husband's income often didn't cover their family's needs. Although her children are no longer financially dependent on her she would like to save for her old age and be able to hire somebody who will take care of her business so that she can relax and enjoy a quiet old age. She will use her loan to buy her products wholesale so that she can get a better price and increase her profits.
View original language description ↓
El grupo se llama ESTRELLAS DEL CARMEN se encuentra ubicado en El carmen en el Estado de México. Está conformado por 12 integrantes entre ellas está la Sra Ana T. B., ella tiene 41 años de edad, lleva 25 años de casada y tiene 9 hijos 5 mujeres y 4 hombres ya todos se casaron. Ella se dedica a vender artículos de limpieza desde hace 8 años, comenta que decidió iniciar su negocio porque los ingresos de su esposo muchas veces no le alcanzaban para cubrir sus necesidades y las de sus hijos.Aunque sus hijos no dependen economicamente de ella lo que ella pretende es ahorrar para su vejez y asi poder contratar una persona que se haga cargo del negocio y asi poder descansar y poder tener una vejez tranquila Con los prestamos ella puede comprar por mayoreo y asi obtiene mejores precios y aumentar sus ganancias.

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
  • 15
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 12.5
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Estrellas Del Carmen Group's $3,300 loan helped a member to buy cleaning products to help her business grow.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2010
Listed
Dec 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011