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La Garita Group
In this Group: Yeni, Isabel, Rita, Maria Elena*, Elizabeth, Secundina, Yolanda, Yuliana, Berenice, Patricia
* not pictured
This group is called "La Garita" after the colony by the same name which most of the group members belong to. The group are located in the community of Atlacomulco in the state of Mexico. The group is made up of ten members and this is the first time they have requested a loan. Secundina G. R. is one of the group members. She is 35 years old and studied until Grade 6 in primary school. She attends to home duties, her business and her three sons. Secundina wakes up very early every day to get her children ready and take them to school, and later she goes to work.

Secundina started her business four years ago as she was looking for an alternative to support her family financially. She is applying for this loan to invest in products for her store as her customers are requesting cold meats.

Secundina feels very happy and satisfied with the possibility of expanding her business. She has said that she has plans to continue investing in her business to provide an education for her children.
View original language description ↓
Este grupo se llama "LA GARITA" ya que la mayoría de los integrantes son de la misma colonia con este nombre. Esta ubicado en la comunidad de Atlacomulco estado de México. El grupo esta conformado por diez integrantes y es la primera vez que solicitan un crédito. Secundina G. R. es una de las integrante del grupo.Tiene 35 años, estudió hasta el sexto año de primaria, se dedica al hogar y atiende su negocio, tiene en total 3 hijos los cuales son varones. Ella se levanta muy temprano para preparar a sus hijos y llevarlos a la escuela todos los dias por la mañana, despues se va a trabajar. Su negocio lo inicio hace 4 años tuvo la necesidad de buscar una alternativa para poder apoyar la economia de su hogar. Solicita el prestamo para poder invertir e implementar otros productos a su tienda ya que sus clientes le solicitando carnes frias. La señora Secundina se siente muy satisfecha y agusto ya que le dan la posibilllidad de hacer crecer su negocio. La señora comenta que tiene planes de seguir invirtiendo para apoyar a la educación de sus hijos.

Additional Information

About CrediComun

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.

About Mexico

  • $15,600
    Average annual income
  • 14
    View loans »
    Mexico Loans Fundraising
  • $18,793,250
    Funds lent in using Kiva
  • 12.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Garita Group's $2,850 loan helped a member to purchase cold meats.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011