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Grupo Megan Group
In this Group: Leticia, Guillermina Soraida, Graciela*, Mariana, Olga Lidia, Elisa Angela, Sidronia Cipriana, Yolanda, Mayra Corina, Lizbeth Yarely, Maria De La Luz, Maria Guadalupe
* not pictured
This group is called 'Grupo Megan' (Megan's Group). They chose this name because when this group was being set up, the lady who started it gave birth to her daughter whom she named Megan. The group is located in the State of Hidalgo and has 12 members.

Olga Lidia is the president of this group. She is 36 years old and a single mother. She has a high school level of education and two children. Her business is selling footwear and she is requesting this loan so that she can stock her business and increase her sales. Her customers tell us that she is a hard-working, kind woman of excellent character.

Olga Lidia dreams of renting business premises so that she can live peacefully without having to move around to do her work and neglect her children. She is a single mother and the only source of financial support for her family.
View original language description ↓
El grupo se llama Grupo Megan, el nombre se escogió porque cuando el grupo se estaba formando nació la hija de la señora que formo el grupo y así se llama la niña, el grupo esta en el Estado de Hidalgo y es de 12 integrantes.Olga Lidia es presidenta del grupo,tiene 36 años, es madre soltera, cuenta con estudios de secundaria y tiene 2 hijos. Se dedica a la venta de calzado y solicita el préstamo para poder surtir su negocio y elevar sus ventas. Sus clientes nos comentan que es una mujer trabajadora, amable,de excelente carácter, ella sueña con poder rentar un local comercial para poder vivir tranquilamente sin verse en la necesidad de trasladarse a trabajar y descuidar a sus hijos, dado que es madre soltera y único sosten económico de su familia.

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
  • 23
    View loans »
    Mexico Loans Fundraising
  • $18,615,650
    Funds lent in using Kiva
  • 12.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Grupo Megan Group's $3,650 loan helped a member to buy shoes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2011