The group called crisalias is located in San Martin Coapaxtongo. This community is located in Tenancingo in the state of Mexico. This group this made up of nine members. The group is called thus because in the community there is a flower with that name. Señora Margarita M. A. is one of the members of the group. She has been dedicated to the sale of food for approximately 19 years. She started this activity with her husband. She carries out her sales in two communities: Morelos and the city of Toluca. She requests this loan to be able to invest in supplies and thus to obtain more income and a greater clientele. Her family is composed of a son age 20 years and three daughters ages 22, 18, and 14, respectively, all still in school. The dream of Señora Margarita is to be able to see her children achieve a professional career, as with this they would have a better future.
El grupo se llama crisalias, está ubicado en San Martin Coapaxtongo , dicha comunidad se localiza en Tenancingo en el estado de México. Este grupo esta conformado por nueve integrantes, el grupo se llama así por que en la comunidad hay una flor con dicho nombre. La señora Margarita M. A. es una de las integrantes del grupo, ella se dedica a la venta de comida desde hace aproximadamente 19 años, está actividad la inicio con su esposo, su comercio lo realiza en dos comunidades una en morelos y otra en la ciudad de toluca. Quiere este crédito para poder invertir en los insumos y así obtener más ingresos y mayor clientela. Su familia está conformada por un hijo de 20 años y tres hijas de 22, 18, 14, respectivamente, todos aún estudian. El anhelo de la señora Margarita es poder ver que sus hijos puedan ejerser una carrera profesional y con esto tengan un mejor futuro.
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.