The name of the group is "Little Dolls" and it is located in the state of Mexico. It is made up of 11 members and among them is Veronica Sandra G.. She has had a souvenir business for the past 5 years and it is located in her house. She started out with very little merchandise and at the start she didn't have a conditioned space for her sales but gradually the business began to prosper and she managed to set up a store. She requires the loan to have a better variety of products and therefore increase her sales. Her greatest goal is to see her daughters have a better quality of life and to have enough income to meet their financial needs, such as helping her husband with the nutrition and education expenses of their daughters. She has three daughters, aged 5, 8, and 10 years old. They are in preschool, and primary school and she wants to support them to have a professional career.
El grupo se llama "MUÑEQUITAS" esta ubicado en EL Estado de MÉxico esta conformado por 11 integrantes entre ellas se encuentra la señora Veronica Sandra G. quien tiene un negocio de tienda de regalos desde hace 5 años que se encuentra ubicado en su domicilio, inicio con muy poca mercancia y al principio no tenia un lugar establecido para sus ventas poco a poco el negocio dió frutos y logro establer un local. El crédito lo desea para tener mejor variedad de producto y de esta manera incrementar sus ingresos, ya que su mayor anhelo es que sus hijas tengan una mejor calidad de vida y los ingresos suficientes para poder hacerle frente a sus necesidades economicas así como apoyar a su esposo con los gastos alimenticios y de educacion de sus hijas, ellas tiene tres hijas de 5 años 8 años y 10 años actualmente cursan preescolar y primaria y desea brindarles una carrera profesaional.
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.