This photo was taken at the business location of Señora Francisca N, who is a member of the group called Mujeres de la Luna (Women of the Moon). It is located in Jalapilla in the state of Veracruz. In the photo, the whole group can be seen. Francisca sells elotes (roasted corn) and popcorn, a business that she began 15 years ago. Her neighbors consider her a responsible person. At the time she applied for this loan, she felt satisfied. She is 40 years old and went to school up to the fourth year of primary school. She is single and has no children. She wants this loan to buy corn and other consumables. Beatriz J. is the president of the group. She is 30 years old and attended secondary school. She is married and has 3 children. She sells clothing, a business that she began 3 years ago. She is applying for the loan to purchase clothing for the hot season.
Esta foto fue tomada en el negocio de la señora Francisca N. miembro del grupo mujeres de la luna que se encuentra en jalapilla en el estado de Veracruz, en la fotografía se ve a todo el grupo, ella se dedica a la venta de elotes y esquites que inicio hace 15 años. Sus vecinos la catalogan como una persona responsable, al momento de solicitar este prestamo ella se siente satisfecha, ella tiene 40 años, estudió hasta cuarto año de primaria, es soltera y no tiene hijos. Quiere este crédito para la compra de elotes e insumos. Beatriz J. es la presidenta del grupo, tiene 30 años, estudió la secundaria, es casada y tiene 3 hijos, ella se dedica a la venta de ropa que inicio hace 3 años, solicita el prestamo para la compra de mercancia de temporada de calor.
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.