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Sel-Mar Group
In this Group: Selma Iveth*, Patricia, Aurora, Maura Susana, Sagrario, Isidora, Guadalupe, Maria Barbara, Maricela, Margarita
* not pictured
This photo was taken in Sagrario's home. Sagrario is a member of the SEL-MAR group which is located in the State of Veracruz, in Mexico. In the photo you can see the group of ladies surrounding their merchandise. Sagrario has a stationery store that she set up 3 years ago. She is requesting a loan so that she can stock her business with new products. As she requests this loan, she is feeling very happy and satisfied. She is 37 years old and has her high school certificate. She is married and has 3 children: one daughter and two sons. She would like this loan to stock her business with new merchandise. She also hopes to increase her sales and buy a photocopier.

Selma is the group's president. She is 22 years old and also has her high school certificate. She is single and has been selling cosmetics and footwear for four years. She is requesting a loan to fill her orders. The group has 10 members and used Selma's name to create the group's name SEL - MAR.
View original language description ↓
La foto fue tomada en casa de la señora Sagrario,una integrante D. grupo SEL-MAR que está ubicada en el estado de veracruz, en México. En la foto se ve al grupo de señoras alrededor de su mercancía, Sagrario tiene una papelería que inicio hace 3 años,solicita el prestamo para abastecer su negocio con nuevos productos,al momento de solicitar este préstamo se siente muy contenta y satisfecha,tiene 37 años y estudió la preparatoria,es casada y tiene 3 hijos,una mujer y dos varones,quiere este crédito para abastecer su negocio con nueva mercancía,también espera aumentar sus ventas y comprar una copiadora.Selma es la presidenta D. grupo,tiene 22 años,estudió hasta la preparatoria,es soltera y se dedica a la venta de cosméticos y calzado que inicio hace 4 años,solicita el prestamo para surtir pedidos, el grupo está conformado por 10 integrantes y retomó el nombre de la señora Selma para crear el de SEL- MAR.

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

  • $11,249
    Average annual income
  • 15
    View loans »
    Mexico Loans Fundraising
  • $17,728,850
    Funds lent in using Kiva
  • 12.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Sel-Mar Group's $2,025 loan helped a member to stock her business with new products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011