Mrs Isabel Eugenia F. A. is the group's president. She is 47 years old and a single mother. She studied up to high school level and has a 14 year-old son. Eugenia's business is selling groceries, fruit and vegetables. She has been in her business for 2 years and is requesting this loan so that she can stock her business and have a greater variety of products available for her customers. In this way she will increase her sales.
Eugenia's customers tell us that she is an excellent saleswoman since she visits the homes of her neighbors and acquaintances. She is a hard-working, kind woman of excellent character and she really enjoys her work. At the time of requesting this loan, Eugenia feels very happy and content to be receiving this opportunity. She hopes that the loan will help her to increase her sales, make progress in her business and cover her family's needs so that they can live peacefully without her having to go out to work and neglect her children.
In the photo you can see this very happy group of ladies in the dining room.
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