This photo was taken in Mrs. Yanet G. M.'s business. She is a member of the group named “Amor de un Rato" and it is located in a community in Morelos, Mexico. In the photo you can see the tubs where ice cream is made. She uses wooden boxes, ice, salt, and aluminum tubs that she moves until the ice cream is formed. her business is selling ice cream and she has been in business for the past 7 years. She requests a loan to purchase replacement aluminum sheeting for her business where she makes ice cream because the existing ones have deteriorated. Her clients prefer to buy from her because she is kind and her ice cream is the best in the region. when she applied for her loan she felt very happy because with her new profits she will be able to purchase a bed for her son and she will also remodel the business to improve its condition. She is 38 years old, single, and she completed high school. She has an 8-year old son.
Esta foto fue tomada en el negocio de la Sra. Yanet G. M. Integrante del grupo Amor de un Rato, que está ubicado en la comunidad de Morelos en México, en la foto se ven los botes en los cuales se hace la nieve de forma artesanal, ya que utiliza botes de madera, hielo, sal y botes de aluminio, en el cual se gira hasta que dse forma la nieve. Ella se dedica a la venta de nieves, negocio que inicio hace 7 años. Solicita el préstamo para comprar laminas para el local en donde elabora la nieve por que ya están deterioradas, sus clientes la prefieren porque es una persona amable y sus nieves son las mejores de la colonia. Al momento de solicitar el préstamo la Sra. se siente muy contenta ya que de las ganancias que obtenga le comprará una cama a su hijo y remodelará su negocio para darle mejor presentación. Ella tiene 38 años y es soltera, estudio la secundaria; tiene un hijo varón de 8 años de edad.
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.