Camino Al Exito Group
María D. los Angeles R. is one of the members of the group. She is 47 years old, went to primary school, is married, and has three children (two sons and a daughter). She has lived in the community for 11 years and has worked selling sweets and embroidered napkins for one year.
She is asking for this loan to purchase fabric and thread to supply her business. Her customers say that her sewing is the best in terms of design and creativity and they are happy and satisfied to be able to count on the type of work that she offers. She is grateful to be asking for this loan and she is committed to continuing to ask for loans to be able to meet her goals and build her business. María wants to make napkins on a larger scale to earn more income in order to proviD. her children with a quality education so that they can have professional careers.
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