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Coquetas Group
In this Group: Maria Luisa, Leticia, Maricela, Maria Griselda, Ma Cristina, Margarita, Maria, Bonifacia, Lina
This group is called "Las Coquetas" (The Flirts) and is located in Guerrero, in the state of Mexico. These clients decided to give their group this name because they are all very cheerful women. The group has nine members, including María Luisa B. M. who is the group's treasurer.

María is 33 years old, married, and has 5 children. She tells us that it has been very difficult to get her children ahead in life because the wage that her husband earns as a construction worker doesn't cover all their household expenses. Sometimes he has no work which has made it difficult to achieve financial stability since sources of work are very scarce in their town. For this reason, María decided to set up a small store in her home in order to support her husband with their expenses. She will invest her loan in buying more merchandise. Her wish is for her children to continue in their studies and for them to become good professionals some day. This was something that she could not achieve for herself but an opportunity that she would really like to offer her children.
View original language description ↓
Este grupo se llama "Las Coquetas" se encuentra ubicado en Guerrero en el Estado de México, las clientas decidieron ponerse este nombre porque son muy alegres, está integrado por 9 clientas en el se encuentra la señora María Luisa B. M., quien es la tesorera, tiene 33 años de edad, es casada, tiene 5 hijos, ella platica que ha sido muy difícil sacar adelante a sus hijos ya que con el sueldo que su esposo obtiene como albañil no alcanza para los gastos de la casa, en ocasiones se queda sin trabajo lo que ha complicado que tenga una estabilidad económica siendo que en su localidad las fuentes de trabajo son muy escasas, y por ello la decidió poner una pequeña tienda en su casa para apoyar a su esposo con los gastos, con el crédito invertirá en mercancía, su deseo es que sus hijos puedan continuar con sus estudios y algún día ser unos excelentes profesionista algo que ella no pudo cumplir y desea ofrecerles.

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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $18,365,750
    Funds lent in using Kiva
  • 12.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Coquetas Group's $3,475 loan helped a member to invest in merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2011
Listed
Apr 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2011