Check out some available loans that are similar to this one!
Las Gaselas Group
In this Group: Aurelia, Gabriela, Enriqueta*, Virginia, Elvia, Azucena, Victoria Yarami, Ines*, Briseida, Silvia
* not pictured
This group, Las Gaselas (The Gazelles), are located in the State of Morelos and it is distinguished for having an hacienda founded by Hernan C. (the conquistador). The property has been important as a producer of sugar and grains. The group is composed of 10 members and this is the first time they have solicited a loan.

Elva is a member of the group. She sells woolen yarn, a business she started some 3 years ago. Elva requests a loan to buy more products. She is 34 years old, studied in preparatory school, is married, and has a daughter. Her customers are happy because they always find the products they need.

Upon soliciting the loan, Elva feels content because with this loan she will be able to buy more products to make her business grow, and she will obtain greater earnings, enabling her to continue paying for her daughter's studies.
View original language description ↓
Este grupo se llama Las Gaselas, esta ubicado en el estado de Morelos en México, esta comunidad se distingue por tener una hacienda que fue fundada por Hernán C., este fue un inmueble importante productor de azúcar y granos, El grupo esta conformado por 10 integrantes y es la primera vez que solicitan un crédito.Elva A. L. es integrante del grupo, ella se dedica a la venta de estambres negocio que inicio hace 3 años, solicita su préstamo para comprar mas productos, Tiene 34 años, estudio la preparatoria es casada, tiene una hija, sus clientes están a gusto porque siempre encuentran los productos que necesitan, al momento de solicitar el préstamo se siente contenta porque con el crédito podrá comprar más producto para hacer crecer su negocio y obtendrá mayores ganancias con las que podrá seguir pagando los estudios de su hija.l

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
  • 15
    View loans »
    Mexico Loans Fundraising
  • $17,541,650
    Funds lent in using Kiva
  • 12.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Gaselas Group's $2,025 loan helped a member bUYING MERCHANDISE (WOOLEN YARN) FOR THEIR BUSINESS.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2010
Listed
Feb 1, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011