Los Tamarindos 1 Group
The group is made up of 11 members. Adriana Beltrán V., a member of the group, is 49 years old. She studied through the third year of secondary school, is a seller of ceramics, and has a total of 5 children, a daughter and four sons.
She is involved in the sale of ceramics as well as bedspreads and seasonal articles. She began the business 5 years ago in order to support her family. Her husband is the driver of a microbus. Often his salary didn’t cover their needs since their children were still studying. Now, only one of their children is with her and he is going to study an accounting course.
She wants this loan in order to purchase ceramic items that her customers have been asking for. Previously, she sold her products door-to-door. Now, she has established a shop and people go to her business to look for ceramic pieces. Having applied for the loan, she is happy because she is going to be able to stock merchandise that has been requested. With this she aspires to enlarge her business. With the earnings she obtains she wants to help her son with his school expenses.
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