The group is made up of twelve memebers and it is the second time they are requesting a loan. One of the members of the group is called Rosario A. C. She is 33 years old and has an eighth grade education. She is a housewife and merchant. She says that her business is very important because it contributes to her family's expenses. She has two sons and one daughter. Rosario has been raising lambs for three years and is requesting the loan to strengthen her business. Her dedication has allowed her to be recognized by her customers for having high quality meat. The loan will help her buy food for the animals. She dreams of one day being able to increase the number of animals she has and in this way offer her children a professional career.
*Note: The person that cannot be seen very well in the photo is called María Cristina.
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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