This photo was taken in Mrs. Raquel V.'s house, a member of the "Obreras de Nogales" group. The group is located in the city of Nogales, in the state of VeraC., Mexico. In this photo, you can see her eleven customers and the products that she sells. Raquel started selling cosmetics four years ago. She is asking for the loan to buy more products to sell. At the time of asking for the loan, she feels very happy and thankful for the opportunity to invest in her business. She is 25 years old and studied through high school. She is a mom of one son. She also hopes to increase her sales and sell clothes to improve her economic situation and support her family in the costs of the house. In this way, she can pass on a career to her son who is the most precious in her life.
Esta foto fue tomada en la casa de la señora Raquel V. una integrante del grupo de "Obreras de Nogales", que esta ubicado en la cuidad de nogales en el estado de VeraC. en México. Se ven las 11 clientas en la casa de la señora y los productos que ella vende en la foto. La señora Raquel se dedica ala venta de cosméticos, que inicio hace 4 años. Solicita el prestamo para compra más productos para su venta. Al momento de solicitar este prestamo se siente muy contenta y agradecida por la oportunidad de invertir en su negocio. tiene 25 años estudió hasta la secundaria, es madre y tiene un hijo. También espera crecer con las ventas y en un plazo mediano dedicarse a la venta de ropa para mejorar su situación economica y poder apoyar a su familia en los gastos de la casa asío como briondarle una carrera a su hijo ya que es lo más presiado en su vida.
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.