Los Claveles De Jojutla Group
Verónica García B. is the group’s treasurer. She is 44 years old and studied through primary school. She is involved in the sale of cosmetics, a business she began 12 years ago.
She is applying for the loan in order to enlarge her business and is planning on investing it in the purchase of more merchandise such as perfumes, creams, deodorants, and cosmetics in general. Her customers prefer her because she is an attentive, pleasant person and because she always delivers their orders on time.
She is very happy to be applying for the loan. She wants to use the loan to buy more merchandise for her business and, with the earnings she obtains, invest in the business in order to offer her products to more people. She also wants to improve her house in order to offer a more respectable life to her family.
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