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Los Alcatraces De Peña Group
In this Group: Araceli, Alejandra, Maria, Catalina, Sarai, Heriberta, Maria Eugenia, Lina, Maria Guadalupe, Marisol*
* not pictured
This group decided to call themselves Los Alcatraces de Peña (The Lilies of Peña) because they all agree that calla lilies ("alcatraces") are beautiful and the women identify with them. They added "de Peña" because they live in Monte de Peña.

Maria S. G. is the group's treasurer. She is 42 years old, married, and has two children: one is 9 years old and the other is 19. For 22 years she has made bags, backpacks and suitcases. She has a little room in her house where she keeps her sewing machines and the material for making the backpacks. Maria is asking for a loan to set up a space for her sewing workshop where she can put more machines and therefore increase her production. She is thinking about using the extra earnings to finish putting flooring in her house and to buy clothes for her children.
View original language description ↓
Este grupo decidió ponerse el nombre de Los Alcatraces de Peña ya que todas ellas coinciden en que los alcatraces son muy bellos y se identifican con ellos, y de peña por que viven en Monte de Peña. Maria S. G. es la tesorera del grupo tiene 42 años de edad,es casada y tiene dos hijos: uno de 9 y otro de 19 años de edad, desde hace 22 años se dedica ala fabricación de bolsas, mochilas y maletas. En su domicilio tiene un cuartito donde guarda sus máquinas de coser y material para la elaboración de las mochilas; ella solicita un crédito para acondicionar un espacio para su taller de costura, donde pueda colocar más maquinas y asi aumentar su producción. Con la ganancia obtenida tiene pensado terminar de poner piso firme en su casa y comprar ropa para sus hijos.

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
  • 51
    View loans »
    Mexico Loans Fundraising
  • $18,367,975
    Funds lent in using Kiva
  • 12.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Alcatraces De Peña Group's $3,775 loan helped a member construction materials for sewing workshop.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2010
Listed
Jan 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011