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Las Velocez Group
In this Group: Leticia, Maribel, Leticia, Maria Isabel, Miriam, Marlene, Minerva, Julisa, Alma Delia, Remedios, Nicolasa
The group called "Las Velocez" is located in the state of Mexico. There are 11 members: among them is Maria Isabel A., who is 24 years old. She has a child who is a year and 8 months old. Maria has been selling shoes for 2 years. She works to support her child, since her husband's earnings are not enough for them. She started selling shoes with her family, and later, as she sold a lot, she started to sell to neighbors and in the surrounding neighborhoods. With her loan she plans to buy many catalogs of different brands. Her desire is to make her business grow, and in this way be able to give a good education to her child. She hopes to see her business grow larger each day.
View original language description ↓
El grupo se llama LAS VELOCEZ, se encuentra ubicado en el Estado de México. Esta conformado por 11 integrantes, entre ellas está la señora Maria Isabel A. y tiene 24 años de edad, tiene 1 hijo de 1 año 8 meses. Se dedica a vender zapatos desde hace 2 años. Ella vende para poder apoyarlo porque lo que gana su esposo no les alcanza, ella comenzo vendiendo zapatos con su familia y posteriormente como vendia mucho comenzo a vender con los vecinos y en las colonias aledañas. Con su crédito pretende comprar muchos catálogos de diferentes marcas. Su deseo es hacer crecer su negocio y asi poder darles una educación a su hijo, y que el negocio cresca cada día más.

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
  • 14
    View loans »
    Mexico Loans Fundraising
  • $17,543,625
    Funds lent in using Kiva
  • 12.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Velocez Group's $3,500 loan helped a member to purchase shoes.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 3, 2011
Listed
Feb 3, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2011