Mariposas De Endare Group
Mrs. Felipa Manuela T. is a group member. She is 52 years old and sells stationery supplies and animal feed. She has a total of 10 children, 7 girls and 3 boys. Currently, five still depend on her, two are in high school, one is studying toward a Bachelor’s in the Atlacomulco Normal School, one is in middle school and one is in elementary school.
She is asking for the loan to buy feed because during the school vacation periods the stationery shop’s sales drop.
At the moment of asking for the loan Felipa Manuela feels very enthusiastic because she’ll be able to invest in her business. She is a very hard working person because together with her husband she’s managed to raise her children and proviD. them with the opportunity to go to school.
She intends to use the opportunity this loan gives her to continue to support her daughters so that they will finish their schooling and not be dependent on anyone since that will allow them to find a job and not have to go through what she herself has.
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