Check out some available loans that are similar to this one!
Rosas Blancas De Otzolotepec Group
In this Group: Teresa, Liliana, Oralia, Maria De La Cruz, Erika, Blanca Rosalia*, Maria Concepcion, Prudencia, Liliana, Amanda
* not pictured
This group is called Rosas Blancas D. Otzolotepec. It is located in the State of México and consists of ten members. Oralia C. is in this group and she is 33 years old. She has four children and tells us that she only completed elementary school. Oralia is a merchant and she has had a blacksmith business with her husband for approximately three years. With the loan, she wants to purchase raw material for her business’ growth so that they will be able to fill a larger number of orders. In the future, they want their workshop to be larger in order to produce more and to hire workers to help them. They also want to get a vehicle for home delivery of the orders.
View original language description ↓
Este grupo se llama “ROSAS BLANCAS D. OTZOLOTEPEC”, se encuentra ubicado en Estado D. México y ésta compuesto por 10 integrantes. En este grupo se encuentra la señora Oralia C. D. 33 años D. edad, ella tiene 4 hijos y nos platica que estudió solamente la primaria. Oralia es comerciante, tiene un negocio D. herrería junto con su esposo, desD. hace aproximadamente 3 años, con el crédito quiere comprar materia prima para el crecimiento D. su negocio ya que así podrán surtir un número mayor D. pedidos. A futuro quieren que su taller sea más granD. para producir más y contratar personal que les ayuD., así mismo desean adquirir un vehículo para la entrega D. pedidos a domicilio.

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
  • 19
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 12.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Rosas Blancas De Otzolotepec Group's $3,975 loan helped a member raw material for her business' growth.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011