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Arcoiris Palmira Group
In this Group: Esther*, Cristina, Amalia Guillermina*, Elena, Sofia, Rosa Irma, Ivonne Isabel, Sofia Leonor, Elizabeth, Ana Laura
* not pictured
This picture was taken in Señora Sofia H.'s business who is a member of the "Arcoiris Palmira" group, located in the state of Veracruz. The group is seated around the merchandise. Señora Sofia works renting movies, a business she started 10 years ago, and is asking for the loan to renovate her merchandise. Since asking for the loan she feels happy that she can invest more in her business. She is 59 years old, has a middle school education, and is married with two children. She is asking for the loan to renovate her merchandise, and also hopes to grow her business.

Esther is the president of the group, is 54 years old, studied until middle school, and is a widow. Three years ago she began her business selling clothes. She is asking for the loan to purchase merchandise and to improve her sales with the goal of having economic stability, since she supports her children alone. She thinks it is essential to offer them a better quality of life and a professional career.
View original language description ↓
Este foto fue tomada en el negocio de la señora Sofia H., un integrante del grupo "Arcoiris Palmira" que esta ubicado en el estado de veracruz, se puede observar al grupo alrededor de la mercancia, la señora Sofía se dedica al alquiler de peliculas que inicio hace 10 años, solicita el prestamo para renovar su mercancia, al momento de solicitar este prestamo se siente contenta ya que podrá invertir más en su negocio, tiene 59 años, estudio la primaria, es casada y tiene 2 hijos; quiere este crédito para renovar su mercancia, tembién espera hacer crecer más su negocio. Esther es la presidenta del grupo, tiene 54 años, estudio hasta la secundaria y es viuda, ella se dedica a la venta de ropa que inicio hace 3 años. Solicita el prestamo para la compra de mercancia y así poder incrementar sus ventas, con el fin de tener una estabilidad economica ya que ella sola mantiene a sus hijos y para ella es indispensable ofrecerles una mejor calidad de vida y una carrera profesional.

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

  • $11,249
    Average annual income
  • 8
    View loans »
    Mexico Loans Fundraising
  • $17,541,650
    Funds lent in using Kiva
  • 12.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Arcoiris Palmira Group's $2,250 loan helped a member to improve the business and increase profits.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011