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Palo Grande Group
In this Group: Petra, Abigail, Griselda, Rubicela, Ma Mariana, Alejandra, Maria De Los Angeles, Ancelma, Lorena Isabel*, Silvia
* not pictured
This group is called Palo Grande, because this is the name of the development where they meet. They are located in the Tlaquiltenango community in Morelos, Mexico. The group is made up of 10 members. Petra Gonzales is the group president and is 54. She has no education and is a merchant. She sells groceries, a business that she started 16 years ago. She is requesting this loan to stock her business with merchandise such as basic household items: rice, beans, salt, sugar, etc.
She has 2 children; one daughter and one son. Her customers prefer her because she is a likable and attentive person. She is happy because she knows that the income she makes from this loan will form part of her goals, which include painting her storefront. She also hopes to buy a small stove for her house because she cooks with firewood.
View original language description ↓
Este grupo se llama Palo Grande porque así se llama la colonia donde se reúne el grupo y se ubica en la comunidad de Tlaquiltenango en Morelos en México. El grupo esta formado por 10 integrantes. Petra González es la presidenta del grupo y tiene 54 años. No tiene estudios, es comerciante. Ella se dedica a la venta de abarrotes, negocio que inicio hace 16 años. Solicita el préstamo para surtir de mercancía su negocio como son, productos de la canasta básica arroz, frijol, aceite, sal, azúcar, etc. Tiene 2 hijos una mujer y un varón, Sus clientes la prefieren por ser una persona amable y atenta. Al momento de solicitar este préstamo se siente contenta porque sabe que con las ganancias obtenidas logrará parte de sus objetivos como son, darle una pintada a la fachada de su tienda. También espera comprar una pequeña estufa para su casa porque cocina con leña.

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
  • 8
    View loans »
    Mexico Loans Fundraising
  • $17,731,700
    Funds lent in using Kiva
  • 12.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Palo Grande Group's $2,175 loan helped a member she will purchase merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 23, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 3, 2012