Leo I Group
She is requesting the loan in order to buy stones, since that is how the plaster comes, in a form in which she has to chip away first, and then grind. She wants to fulfill her customers requests. Some neighbors and customers of hers comment that she makes very beautiful figurines, both seasonal figurines as well as figurines that her customers request. She makes figurines from 10 cm to 3 meters tall, and what she sells most are angels.
Florentina sells her figurines in the community, and in neighboring communities, as well as in street markets and fairs. At the time of requesting the loan, she is very happy. She wants this loan in order to buy the necessary supplies such as paints, varnishes, hardeners and stones in order to fulfill her orders. Also, she hopes with her earnings to be able to buy a polisher in order to save time and get out her orders quickly since up until now, she has been doing it by hand. Her greatest wish is to give her children a dignified life and education, and to continue being a better example of the fight to get ahead.
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