El Corazon De Flor Group
Mrs Leticia S.T. sells meals and she set up her business four years ago. She is requesting this loan to buy ingredients so that she can offer more variety in her products and better carry out her work. She is 43 years old and studied up to the 6th year of elementary school. She is a single mother and has one son aged 11. Leticia's customers say that she provides a good service and good-tasting food. Her premises are centrally located and located opposite a spa. She always greets her customers with a smile and provides food which satisfies their palates. At the moment of requesting this loan, Leticia feels happy that she will be able to meet her customers' demands. She would like to invest this loan in her business and thereby make more profits. She also hopes to continue supporting her family financially and expanding her home.
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