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Flores De Dolores Group
In this Group: Almanely, Maria Dolores, Margarita, Maribel, Cecilia, Adela, Paulina, Juliana, Elvia, Anastasia, Janet, Martha
This group is called Flores de Dolores (Dolores’s Flowers). It is located in the community of Dolores Hidalgo in the state of Mexico. There are 12 people in the group. 44-year old Paulina M. is one of them. She completed sixth grade of primary school, is a businesswoman, and has four children, two girls and two boys.

Paulina earns her living buying and selling shawls, a job she’s been doing for eight years. She is seeking a loan to buy more shawls which she sells in the nearby towns. The shawls are part of the traditional dress worn by local women.

Paulina is happy right now because she has the money to invest in her business. The loan will be used to buy more shawls so her store is well-stocked. At the moment of taking the photograph, Sra. Adela García bent down, but all the group members appear.
View original language description ↓
Este grupo se llama Flores de Dolores. Está ubicado en la comunidad de Dolores Hidalgo, en el Estado de México. El grupo está conformado por 12 integrantes.Paulina M. es integrante del grupo. Tiene 44 años, estudió hasta el 6° año de primaria, es comerciante, tiene en total 4 hijos; 2 mujeres y 2 hombres. Ella se dedica a la compra y venta de rebozos, negocio que inicio hace 8 años. Solicita el prestamo para comprar rebozos. Ella vende sus rebozos en los municipios aledaños a su comunidad, menciona que el producto que vende es parte de la vestimenta tipica de la región donde vive y sus alrededores.Al momento de solicitar este prestamo se siente feliz porque tiene capital para poder invertir en su negocio. Quiere este crédito para comprar rebozos y tener surtido su negocio. Al momento de capturar la fotografía la señora Adela García se agacho, pero salen todas las integrantes.

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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $18,326,450
    Funds lent in using Kiva
  • 12.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Flores De Dolores Group's $4,375 loan helped a member to buy shawls.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011