This group is called Paloma (Dove). It is located in the state of México and consists of 13 members. Among them is Señora Maria del Carmen P. H., who is 35 years old. She has been married for 16 years and has 5 children, 2 girls and 3 boys, who are all in school. She sells natural foods and has been doing this for 6 years. She comments that she decided to begin her business because her husband's income many times wasn't enough to cover their necessities and those of their children. She had already applied for loans in the past and comments that with this new loan she will benefit a lot, since she can buy wholesale and thus obtain better prices, increasing her earnings.
Her dream is that some day she can set up a shop where she can sell her products and have at least two employees from the her community. Señora Maria del Carmen wants to be able to give her children careers, since she was not able to finish her schooling because she married very young and had to help her parents with the household economics. She did this with great pleasure, but she wants a better future for her children. She joined with the other members of the group and formed a soccer team in their district, and they have represented their town with dignity for several years, which brought them great personal satisfaction.
El grupo se llama PALOMA, se encuentra ubicado en el Estado de México. Esta conformado por 13 integrantes entre ellas está la Señora MARIA DEL CARMEN P. H. quien tiene 35 años de edad, lleva 16 años de casada y tiene 5 hijos; 2 mujeres y 3 hombre, todos estan estudiando actualmente. Ella se dedica a vender alimentos naturistas desde hace 6 años, comenta que decidió iniciar su negocio por que los ingresos de su esposo muchas veces no le alcanzaba para cubrir sus necesidades y las de sus hijos. Ella ya habia pedido créditos anteriormente y comenta que con este nuevo prestamo se a beneficiado mucho ya que puede comprar por mayoreo y así obtiene mejores precios aumentando sus ganancias. Su deseo de ella es que algún día pueda poner un local para vender sus productos y tener por lo menos 2 empleadas de su misma comunidad. La señora Maria del Carmen quiere ofrecerle a sus hijos una carrera, ya que ella no pudo terminar sus estudios porque muy chica se caso y tuvo que ayudar a sus padres a la economia de su hogar, lo cual lo hizo con mucho gusto, pero quiere un mejor futuro para sus hijos. Ella se reunio con las demás integrantes y formarón un equipo de futboll en la colonia y representan dignamente su localidad desde hace algunos años, lo cual les trae mucha satisfaccion personal.
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.