This group is named “Turquoise” because they live in a place where the ocean is a turquoise color and the sun and sand are well known. It is located in the state of Quintana Roo, Cancun, Mexico. This group is made up of eight members. Mrs. María Guadalupe is the president of the group. She is 26 years old, studies in the secondary school, and is a housewife with one six year old daughter. For the past year and a half she has been selling shoes from a catalogue. She is asking for this loan in order to buy the shoes and obtain more orders. This woman goes from door to door selling her shoes. She tries to get the shoes delivered by the date that her customers expect them to arrive, in order to provide her customers with good service. Mrs. Lupita feels very motivated and happy because with this loan she is able to invest her earnings and hopefully give her children a good education so that they can have a better life.
Este grupo se llama TURQUEZA 1, porque viven en un lugar donde en el mar el aguas es de color turquesas, la arena y el sol se dan a conocer por si solos. Está ubicado en el estado de Quintana Roo, Cancún en México. El grupo está conformado por 8 integrantes. La señora María Guadalupe M. T., es la presidenta del grupo. Tiene 26 años, estudió la secundaria, es ama de casa tiene y 1 solo hija de 6 años de edad. Ella se dedica a la venta de calzado por catalogo, desde hace 1 año y medio. Solicita el préstamo para invertir en calzado y sacar los pedidos. La señora va de casa en casa promoviendo sus calzados y trata de tener sus pedidos en la fecha que sus clientes se lo soliciten para darles un mejor servicio. Doña Lupita se siente muy motivada y contenta porque con este préstamo ella podrá invertir en sus ganancias y espera brindarles educación a sus hijos para que tengan una mejor vida.
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.