Exito De Joco Group
Rufina R. is a member of the group. She is 50 years old, and she has an elementary school education. She is a housewife. She has five children, one girl and four boys. She has been selling shoes by catalog for seven years. She is requesting a loan to buy shoes that are ordered. First she has to pay for the product, and then she can make her sales and get payments.
Her customers are people from her neighborhood and the outskirts of Jocotitlan. Each one prefers to buy their products from her because of the quality of the shoes and the kind service she provides. Her charisma is one of her strengths, and her customers recommend her. This helps increase her market, and it helps her business to continue growing.
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