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Chivas De Corazon Group
In this Group: Luciana, Elsy, Tomasa, Fidela, Margarita, Martha, Lorena, Leonila, Ricarda
This group is called "Chivas de Corazón" and is located in the Mexican state of Morelos, in a community that is known for the "El Rollo" water park, one of the state's major tourist attractions.

The group is comprised of ten members, one of whom is Lorena Báez. Four years ago, she started a business selling clothing. She is requesting this loan to buy more garments. She is 36 years old, studied through the third year of secondary school, is single, and does not have any children. Her customers like her business because they tend to find what they need.

As she requests this loan, she feels content because this loan will make it possible for her to buy merchandise to fill her customers' requests, and she will bring in more income. She will use the additional earnings to buy a cupboard she needs for her business. She also hopes that her business will grow so that when she gets married and has children, it will be possible to send them to school and to dedicate time to them at home.
View original language description ↓
Este grupo se llama "Chivas de Corazón", está ubicado en el Estado de Morelos en México, en una comunidad que se distingue por su balneario llamado El Rollo que es un atractivo turístico del estado, el grupo está conformado por 10 integrantes. Lorena Báez es integrante del grupo,ella se dedica a la venta de ropa, negocio que inicio hace 4 años. Solicita su préstamo para comprar más prendas, tiene 36 años, estudió hasta el tercer año de secundaria, es soltera y no tiene hijos, sus clientes están a gusto porque siempre encuentran lo que necesitan. Al momento de solicitar el préstamo se siente contenta porque con el crédito podrá comprar mercancía para surtir sus pedidos, y tendrá mayores ganancias con las que comprará un aparador que necesita para su negocio, también espera que su negocio crezca para cuando se case y lleguen los hijos tenga la posibilidad de mandarlos a la escuela y dedicarles tiempo en casa.

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

  • $15,600
    Average annual income
  • 38
    View loans »
    Mexico Loans Fundraising
  • $19,120,475
    Funds lent in using Kiva
  • 12.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Chivas De Corazon Group's $2,850 loan helped a member to buy merchandise and stock more items of clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 15, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011