Check out some available loans that are similar to this one!
Bugambilia Group
In this Group: Yolanda, Julia, Simona, Petronila, Vicenta, Tomasa, Araceli, Sara Concepcion, Mercedes*, Cindy Anahi*
* not pictured
This photograph was taken at Yolanda A.’s store. She is a member of the Bugambilia group, which is located in the state of Morelos in Mexico. In the photo you can see part of the merchandise that she sells. She sells groceries, and she started this business 30 years ago.

She is requesting the loan to buy merchandise and to stock her store. She will buy grains like rice, beans, and lentils, etc. Her customers prefer her because she has very good prices. Also, she provides very good service.

At the time of requesting the loan she is happy because she will be able to offer her customers more products.

She is 64 years old, and she has a sixth grade education. She is married and has seven children, three girls and four boys. She wants this loan to make her business grow. She also hopes to use the earnings to be able to buy a television for her family.
View original language description ↓
Esta fotografía fue tomada en la tienda de la Sra. Yolanda A., una integrante del grupo Bugambilia que está ubicado en el estado de Morelos en México, en la foto se ve parte de la mercancía que ella ofrece, ella se dedica a la venta de abarrotes negocio que inicio hace 30 años, solicita el préstamo para comprar mercancía y surtir su tienda, va a comprar granos como son: arroz, frijol, lenteja, etc. Sus clientes la prefieren porque tiene muy buenos precios, además de que los atiende muy bien, al momento de solicitar el préstamo se siente contenta porque va a poder ofrecer más productos a sus clientes, tiene 64 años, estudió hasta el 6º grado de primaria, es casada y tiene 7 hijos: 3 mujeres y 4 varones, quiere este crédito para hacer crecer su negocio, también espera con las ganancias poder comprar una televisión para 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
  • 6
    View loans »
    Mexico Loans Fundraising
  • $17,294,525
    Funds lent in using Kiva
  • 12.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Bugambilia Group's $2,775 loan helped a member to buy merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011