Campanita I Group
Mrs Maria del Pilar is the group president. She is 46, and studied up to the third grade of secondary school. She has one son. She sells Mexican food such as: soups, quesadillas, tamales and hot drinks. Because of her experience and the length of time that she has spent selling food, the majority of her customers know and identify her as a likable, responsible person who is always considerate. Mrs Maria del Pilar has sold food for nearly 20 years. She has people to help her with this work, and so her customers are satisfied with the speed and variety of food that she offers.
She would like this loan for the purchase of basic material, and for buying tables and chairs for her customers to be more comfortable. This photo was taken in the business of Mrs Norma Elodia, who offered up her location for the group meeting. In the photo one can observe the harmony and pleasant environment, which demonstrates the camaraderie and unity between each member of this community bank.
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