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Coxolitla De Abajo Group
In this Group: Dominga, Gloria, Adelaida, Maria Aurelia, Cristina, Elvia, Severa, Elvira, Bartola, Magdalena
The group is called CoxolitL. D. Abajo. This photo was taken outsiD. of Gloria A. D. L. S.’ house. She is a member of the CoxolitL. D. Abajo group. The group is located in the state of Veracruz in Mexico.

Gloria has a business selling vegetables, which she started 40 years ago. She is requesting the loan to increase her sales and to buy more merchandise to sell. Thanks to the loans her sales have been improving. That is why she is requesting a renewal of her loan. At the time of requesting this loan she feels very pleased to be able to increase her earnings and not feel pressured about the family expenses. She is also pleased to offer a better quality of life to her children so that they can manage to become professionals.

She is 49 years old, and she has an elementary school education. She has eight children, three girls and five boys. She wants the loan to expand her business. She also hopes to move ahead with the loan and be able to set up her own spot at the market in her area.
View original language description ↓
El grupo se llama COXOLITL. D. ABAJO. Esta foto fue tomada afuera D. L. casa D. L. señora Gloria A. D. L. S., un integrante del grupo D. coxolitL. D. abajo, que esta ubicado en el estado D. Veracruz en México. L. señora Gloria se dedica aL. venta D. verdura que inicio hace 40 años. solicita el prestamo para incrementar sus ventas y compra más mercancía para su venta. Gracias a L. prestamos sus ventas han hido mejorando por lo que solicita L. renovacion D. su crédito. Al momento D. solicitar este prestamo se siente muy contenta al poder incrementar sus ganacias y así poder ofrecerles una mejor calidad D. vida a sus hijos y logren tener una carrera profesional, y no se sienta presionada con L. gastos D. su familia. ElL. tiene 49 años estudió hasta L. primaria, es madre y tiene 8 hijos; 3 mujeres y 5 varones. Desea este credito para incrementar su negocio. Tambien espera continuar con el credito y poner su propio local en el mercado D. su localidad.

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

  • $15,600
    Average annual income
  • 14
    View loans »
    Mexico Loans Fundraising
  • $18,764,650
    Funds lent in using Kiva
  • 12.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Coxolitla De Abajo Group's $2,375 loan helped a member to invest in her vegetable business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 16, 2011
Listed
Mar 4, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011