Check out some available loans that are similar to this one!
Tesoros De Amacuzac Group
In this Group: Eusebia, Olga Damiana, Francisca, Ma Antonia, Patricia, Margarita, Felicitas, Ana Maria, Brenda, Ernestina
This group, called Tesoros de Amacuzac, is located in the Amacuzac community in Morelos state, Mexico. This community is known for its famous river, the Amacuzac, where extreme sports are practiced, such as kayaking the rapids and speedboat competitions. The group is made up of 10 members, and this is the second time that they have requested a loan.
Olga Damiana O. Vazques is the group treasurer. She sells cosmetics, a business that she started 20 years ago. She started her business when her economic needs grew after her children arrived, since her husband's income was not enough to cover the family's costs. She is requesting a loan to purchase merchandise. She will purchase cosmetics. She is 39 and studied to be an executive secretary. She is married with 3 children ages 18, 15 and 13. Her customers prefer her because she always finds the items that they need. She is very happy to have requested this loan because she will pay her orders. She wants this loan for expanding her business. With her earnings, she hopes to pay her children's school costs.
View original language description ↓
Este grupo se llama Tesoros de Amacuzac se ubica en la comunidad de Amacuzac en el Estado de Morelos en México. Esta comunidad se distingue por su famoso Rio cuyo nombre es Amacuzac en este se practican Deportes extremos como Rápidos en Kayak y Competencias en lanchas. El grupo esta conformado por diez integrantes y es la segunda vez que solicita un crédito.Olga Damiana O. Vázquez es Tesorera del grupo, ella se dedica a la venta de cosméticos negocio que inicio hace 20 años, la Sra. inicio su negocio por que su necesidades económicas crecían por la llegada de sus hijos, ya que el ingreso de su esposo ya no era suficiente para solventar los gastos de la familia, solicita el préstamo para comprar mercancía, va a comprar cosméticos, tiene 39 años, estudio una carrera técnica para secretaria Ejecutiva, es casada y tiene un total de 3 hijos de 18,15 y 13 años respectivamente, sus clientes la prefieren porque siempre encuentran los artículos que necesitan, al momento de solicitar el préstamo se siente muy contenta porque va a poder pagar sus pedidos, quiere este crédito para agrandar su negocio, con las ganancias espera pagar los gastos de la escuela de 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
  • 4
    View loans »
    Mexico Loans Fundraising
  • $17,777,925
    Funds lent in using Kiva
  • 12.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Tesoros De Amacuzac Group's $3,100 loan helped a member she will purchase cosmetics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011