The group is comprised of ten members. Yanet Micaela S. is the president of the group. She is 35, married, and studied for a degree in administration. She is a merchant, and she has two children, a ten year old girl and a seven year old boy. She sells seasonal handicrafts, which she started three years ago. She is requesting the loan to get raw material. Then she will be able to fill her orders by anticipating the season. That way she will be able to offer better service. She is so widely recommended by her customers that they request her handicraft services in their homes. She does things like table arrangements and seasonal gifts.
Yanet manages a very good level of sales. She feels very satisfied and happy upon requesting this loan. It gives her the opportunity to make her business grow. Also, she hopes to give her children a better quality of life and a good education in addition to growing as a woman and a mother.
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