Corregidora I Group
Mrs Juana D. is the group president. She is 46, and studied up to the third grade of secondary school. She is a merchant and has one daughter. She sells juices from different fruits in her home. Juanita is known by her customers for her good service and kindness; they know her as an excellent person.
She started this business one year ago, and her customers tell us that she prepares her juices and breakfasts with a lot of hygiene, and that thanks to her kindness she has more customers every day. She is requesting this loan to acquire basic material to start selling food and Mexican dishes. In the near future she wants to remodel her home in order to increase her sales and thus be able to offer her daughter and husband a better quality of life. Her customers find out about her food when they pass by her house, as she puts it on display and puts up signs. Her food is set apart by its quality, and her location is very comfortable. The street on which it is located is very well-trafficked.
This photo was taken inside the business of the president of the Corregidora 1 group. One can observe the business' decor, and see how happy the group members are.
About CrediComunThis 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.
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Success!! The loan was 100% repaid