Primavera Extreme Group
Mrs Karina M. is the group's president. She is 31 years old and studied up to the third year of high school. She sells shoes and bedspreads. She is a single mother and has 2 children: a 10 year-old girl and a 12 year-old boy. She started this business because her job as a cleaner didn't pay enough so she decided to look for more income. She is requesting this loan to invest in her business selling shoes and bedspreads since she needs more investment in these months since it is a good season for sales of her products. She says that the support she gets from her loans is very important for her and her family since she reinvests her money and can thereby support her children in their studies and get them ahead in life which is very important for her. In the photo Mrs Angelica R. A. is missing because she had a school meeting to attend.
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