This photo was taken in Reina V.'s house. She is a member of the Morelos Cristal group, which is located in the state of Veracruz, in Mexico. The group of women are around Reina's stove in the photo. She has sold tacos for 7 years. She is asking for a loan to buy a burner and supplies for her business selling snacks. Her fellow members and her customers know her to be a responsible and hardworking person. When she asked for this loan, she felt very satisfied, since through it she will increase her sales and customers. She is 46 years old and went to school through the second grade. She is a single mother and has two daughters. She also hopes that with this loan, she will have more customers and will be the best in her area, and in this way will be able to give her family a better quality of life.
Esta foto fue tomada en casa de la señora Reina V., un integrante del grupo Morelos Cristal, que esta ubicado en el Estado de Veracruz, en México, se ve al grupo de señoras alrededor del anafre de la señora Reina en la foto. Ella se dedica a la venta de tacos que inicio hace 7 años. Solicita el préstamo para comprar un quemador e insumos para su negocio de antojitos. Sus comparñeros y clientes la conocen como una persona responsable y trabajadora. Al momento de solicitar este préstamo se siente muy satisfecha ya que por medio de este préstamo podra incrementar sus ventas y clientes. Tiene 46 años, estudió hasta segundo de primaria, es madre soltera y tiene en 2 hijas. También espera que con este prestamo tenga más clientes y ser la mejor en su zona, y así poder darle a su familia una mejor calidad de vida.
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.