This group is called "Las Monarcas Recuperadas" (The Restored Monarchs), because for the members of the group, the Monarch butterfly symbolizes the "queen" of the butterflies. This butterfly passes through Mexico on its annual migration, and its coloring is different from all of the others. This group is located in the state of Hidalgo, Mexico. It is made up of 7 members, each of them an enterprising woman with an established business. Leonor R. is the group's treasurer. She is 43 years old and has an elementary school education. She has a store where she sells groceries that is located in her home, and she has had this business for 3 years. In addition to the store, she also started up a business several months ago selling tamales from her home, with the goal of having an additional source of income. Leonor has 2 children, aged 3 and 15, who are currently in school. Leonor decided on her own to devote herself to an activity that would help her to obtain additional income so that she could give her family a better quality of life. For this reason she decided to have a grocery store, and since this is a simple business it allows her to have the time to attend to her household activities without neglecting her family. The loan that she requests will be used to purchase merchandise.
Este grupo se llama Las Monarcas Recuperadas, porque para las integrantes del grupo la Mariposa Monarca simboliza la "reyna" de las mariposas, en México por su migración anual y su colorido que la diferencia de las demás. El grupo se encuentra en el Estado de Hidalgo, en México. El grupo está conformado por siete integrantes cada una siendo mujeres emprendedoras con un negocio establecido. La señora Leonor R. E. es la tesorera del grupo. Ella tiene 43 años, estudió hasta la primaria. La señora tiene una tienda de abarrotes en su mismo domicilio, tiene cerca de 3 años con esta actividad. Aparte de la tienda de abarrotes hace unos meses inició con la venta de tamales en su hogar, con el fin de tener ingresos extras aparte de la tienda. La señora Leonor tiene dos hijos; uno de 3 años y otros 15 años, quienes actualmente estudian. La señora Leonor decidió dedicarse por su cuenta a alguna actividad que le ayudará a obtener algunos ingresos para así darle a su familia una mejor calidad de vida; por tal razón decidió dedicarse a la tienda de abarrotes ya que es una actividad sencilla y le permite tener tiempo disponible para atender sus actividades en el hogar sin dejar de descuidar principalmente a su familia. El crédito que solicito lo utilizará para la compra de mercancía.
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.