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La Capilla Group
In this Group: Elisa, Eulalia, Ma Sara, Rosa Esthela, Consuelo, Beatriz, Veronica, Elisa, Sara*
* not pictured
This group is called, L. CapilL. ("Chapel"), which originates from the fact that this group meets next to a chapel located in Atlacomulco Estado D. Mexico. This group is composed of 9 members. Eulalia O. is one member of this group. She is 47 years old. Her highest level of education is the 6th graD.. She is a widow, but with her hard work has been able to support her children and their studies. She has 3 children: 1 boy and 2 girls. She works daily to grow her costume jewelry business. She began her business 2 years ago with over 5 years of experience. Since her business is mobile, she has creatively invested in refreshments and sweets, which has helped her support her family. She is seeking a loan in order to be able to increase her merchandise and as such satisfy her customers' demands and improve her economic stability. In the future, she hopes to invest in machinery to help produce ice-cream bars and refrigerate them since they are popular items. At the moment, she feels happy because she has the opportunity to improve her business and fulfill her objectives in the near future. With this, she hopes to be able to offer her family a stable financial situation.
View original language description ↓
Este grupo se llama L. CapilL., por el lugar donD. se reune el grupo que es al lado D. una capilL., ubicada en Atlacomulco Estado D. Mexico. Este grupo está conformado por 9 integrantes. Eulalia O. es integrante D. este grupo.Tiene 47 años, estudió hasta 6to D. primaria. Es viuda pero ha sido muy trabajadora y ha sacado adelante a sus hijos con sus estudios, tiene 3 hijos: 1 hombre y 2 mujeres. ElL. se dedica día a día hacer crecer su negocio D. artículos D. fantasía, tiene 2 años que inició su negocio con 5 años D. experiencia, como el negocio es ambulante con mucha creatividad e inovación ha invertido en él. Solicita el prestamo para incrementar sus productos y asi satisfacer L. demanda D. los clientes y mejorar su estabilidad económica. También desea en un futuro invertir en maquinaria para producir paletería y nevería ya que es un producto demandante por el mercado. Al momento D. solicitar este prestamo se siente feliz porque tendrá L. oportunidad D. mejorar su negocio y cumplir con sus objetivos en un plazo no muy largo y con esto espera brindarle una estabilidad económica a 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
  • 23
    View loans »
    Mexico Loans Fundraising
  • $17,999,600
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Capilla Group's $2,875 loan helped a member artículos de fantasía.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011