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Las Marías De Monte Salas Group
In this Group: Ines, Alberta, Maria De La Paz, Adriana, Veronica, Maria De La Luz, Eufemia, Maria Lourdes, Oralia, Dolores
This photo was taken in the home of Verónica S., a member of the "Las Marías de Monte Salas" ["The Marías of Monte Salas"] Group, which is located in the state of Veracruz in Mexico. Verónica sells shoes, which she started doing two years ago. She is requesting this loan to invest in merchandise. Her customers consider her to be a very honest and responsible woman in whom they can trust. As she is requesting this loan, she feels happy that she will be able to reinvest in her business. She is 31 years old, studied until secondary school, and is married with two children (one girl and one boy). She would like to use this loan to increase her earnings. She also hopes to be able to save and to provide her children with a better education.
View original language description ↓
Esta foto fue tomada en la casa de Verónica S., un integrante del grupo Las Marías de Monte Salas, que está ubicado en el Estado de Veracruz en México. Ella se dedica a la venta de zapatos que inicio hace 2 años. Solicita el préstamo para invertir en mercancía. Sus clientes la consideran una persona honesta y responsable, en quien se puede confiar. Al momento de solicitar este préstamo se siente satisfecha por poder reinvertir en su negocio. Tiene 31 años, estudio hasta la secundaria, está casada y tiene en total 2 hijos; 1 mujer y 1 varón. Quiere este crédito para incrementar sus ganancias. También espera poder ahorrar y darle una mejor educación a 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

  • $11,249
    Average annual income
  • 14
    View loans »
    Mexico Loans Fundraising
  • $17,728,850
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Marías De Monte Salas Group's $3,800 loan helped a member to invest in her shoe business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2011
Listed
Mar 1, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 3, 2012