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Gloria Group
In this Group: Leticia Sara, Eva Maria, Nicolasa, Carmen, Julia, Maria Leticia, Rosa Maria, Ofelia*, Ofelia
* not pictured
This group chose the name Gloria for a kind of flower that is common to the region. Sra. Ofelia Ortiz Cabanas, 52, is a member of the group. She has 6 children, 2 girls and 4 boys and lives in Mexico. She will use this loan to support her barbecue business. She has a lot of customers and they say that her barbecue is especially good. Sra. Ofelia says that she can't always handle the demand for her barbecue and that she needs to buy more supplies to keep up. She hopes that her earnings from the business will provide her with a stable future. Sra. Ofelia is pleased that she can contribute to the family's income. She is also grateful to lenders for giving her a chance to build a better future.
View original language description ↓
El grupo se llama "Gloria", porque así se llama una flor de la región, la señora Ofelia Ortiz Cabañas es una integrante del grupo, tiene 52 años, 6 hijos; 2 mujeres y 4 hombres. Ella vive en el Estado de México. Solicitó su prestamo para su negocio de barbacoa ya que tiene muchos clientes, ellos comentan que la barbacoa que vende es muy rica y tiene siempre muy limpio. La señora Ofelia comenta que aveces no se da a basto y necesita invertir más en los insumos y en un futuro con las ganancias poder tener un local estable. Se siente feliz de poder contribuir con el gasto familar. Además de sentirse afortunada de tener la oportunidad de tener un credito para tener un mejor futuro.

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
  • 3
    View loans »
    Mexico Loans Fundraising
  • $17,344,000
    Funds lent in using Kiva
  • 12.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Gloria Group's $3,400 loan helped a member stock supplies for food business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 2, 2011
Listed
Mar 3, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2011