This is a photo of the group La Segunda Rosa, or The Second Rose, which is located in Puebla, Mexico. The group is made up of 11 members. In the photo you'll see bags of feed used for sheep. This is the business of Mr. Angela Del Carmen, who is 67 years old and attended school up until the second year of primary school. Mr. Del Carmen is married to a woman from the countryside, and they have 8 children together, 3 boys and 5 girls. Mrs. Del Carmen says they started this business with just 4 animals, and now they have 45 sheep. They are now known far and wide for their business. Their customers say that their sheep are very big and well fed, and that the prices are fair. Mrs. Del Carmen is content that the loan they are requesting will help them grow their business. They will use the money to purchase more feel for their animals.
En esta foto se muestra al grupo llamado LA SEGUNDA ROSA, que está ubicado en el estado de Puebla, México. El grupo esta conformado por 11 integrantes, en la fotografia se muestran los bultos de alimento para la crianza de borregos, actividad comercial a la que se dedica la Señora Angela Del Carmen S., ella tiene 67 años y estudió hasta segundo grado de primaria, es casada, su esposo es campesino y tiene 8 hijos; 3 hombres y 5 mujeres, la señora comenta que ya tiene varios años dedicandose a este negocio, que inicio con 4 animales, y hoy ya cuenta con aproxinadamente con 45 borregos, la venta la realiza regularmete en su domicilio pues ya es conocida dentro y fuera de la localidad. Las clientas que le han comprado dicen que los borregos son muy grandes y están bien alimentados, además los da a muy buen precio. Ella está contenta con el crédito que pidió ya que le ayuda a incrementar su negocio y a destinarlo a la compra de más alimento para sus animales.
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.