Anturios Blancos Group
Reyna works buying foliage to decorate churches alongsiD. flowers. She has been in this business for 30 years. She is applying for this loan to purchase more material because her sales and profits have increased. As she applies for this loan she feels satisfied. She is 43 years old. She was in school up to 2nd graD.. She is a mother with a total of 7 children: 3 girls and 4 boys. She wants this loan to buy more foliage. She also hopes to continue counting on this loan since her sales have increased so much.
Valentina is the president of the group. She is 28 years old. She was in school up to 3rd graD.. She is single and doesn’t have children. She works purchasing foliage to decorate churches, as she has been doing for the past 8 years. She is applying for this loan to buy more material, which she then resells in Mexico City.
The group is maD. up of 9 members. This is the second time they have applied for a loan from Credicomún, being that they have a good credit history.
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