La Virgen De Guadalupe Group
Ms. Matilde M., a member of this group, has worked selling bread for more than five years. She is 36 years old and married to Mr. Margarito M.. With this loan she wants to invest in supplies and continue working at the side of her husband and with him be devoted to their children since the youngest is just three years old. Doña Matilde hopes they grow up to be successful men and that one day they can have a better quality of life. Even though she has just a primary education, she would like to have a son with a profession.
In this same group is Ms. Margarita F. González who is 28 years old, married, and has four children. She tells us that after studying through secondary school she did not have the opportunity to continue her studies because of a lack of economic means and so she saw the need to work. She and her husband decided to start a store in their community and with that business still have time for the care of their children. With this loan they want to invest in their business and improve their 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