Rosas De Ojo Zarco Group
Señora Cristina sells beauty products, a business that she started over four years ago. She is requesting this loan in order purchase more stock and fulfill her orders, so that she can increase her income. She feels happy asking for this loan because it will provide her with economic stability. Señora Cristina is 34 years old and she is educated to university level. She is a mother of two children, a boy and a girl. She wants this loan in order to provide a better life for her family. She also hopes to set up a store where she can have more beauty products.
Mayra O. is the group treasurer. She is a 29-year-old mother who studied through high school. She sells footwear through a catalog, a business that she started three years ago. She is requesting this loan in order to boost her sales and fulfill customer orders, thus gaining economic stability and a better quality of life.
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