Esperanzas Del Valle Group
Imelda's business is selling bazaar items. She started her business 4 years ago and is requesting this loan to buy new merchandise. She feels very happy as she requests her loan because she is hopeful that she will be able to grow her business. Imelda is 38 years old, received a high school education, and has three children. She would like this loan to buy more merchandise and to make some improvements to her premises.
Lady C. is the group's treasurer. She is 22 years old, received a high school education and is married. She has owned a business selling clothes for 4 years. She is requesting this loan to buy merchandise so that she can offer more variety to her customers and thereby become well known by the whole community. She hopes to achieve her goal so that she can enjoy financial stability and proviD. her children with a university level of education.
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