Rositas Del Ocho Group
Elizabeth López S. is one of the members of this group. She is 27 years old and completed her education through the preparatory level. Elizabeth is a housewife and merchant and says that her business is fundamental to her ability to move forward and contribute to her family’s expenses. She has two sons. Sra. Elizabeth sells roasted pork tacos at the flea market every Monday. She has been in this business for eight years. Her dedication has resulted in her customers choosing her because of the good service she provides. This loan will help her buy feed for the pigs that she raises, as well as condiments she uses for preparing pork tacos. She dreams of someday having a larger establishment so that she can satisfy the demand for her product.
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