Godofreda Eugenia is a member of this group. She is 51 years old and studied up to the second year of elementary school. She is married and has 4 children: 2 girls and 2 boys, of whom two are still in her care. She has been living in the community for 20 years and her business is selling hand-made tortillas. She started this business 4 years ago and she is requesting this loan to buy a ton of corn, gas and other items that she needs for her business.
With her first loan, Godofreda Eugenia bought her gas cylinder, 'comal' (a special ceramic or metal hotplate on which you cook tortillas) and press for preparing her tortillas. This motivated her to continue with her business. Her customers comment that the tortillas she sells are very well made and they are confident when they buy them because they know that the flavor is unique and that she has the experience to cook them well.
Godofreda Eugenia would like this loan so that she can make more tortillas and fit out a space in her home where she can serve her customers. She would also like to help her children finish their studies.
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