Trebol De La Suerte Group
The group is made up of nine members and this is the third time that they have requested a loan. Maely G. A. is a member of the group who works selling fruits and vegetables in a business she started over a year ago. She is requesting the loan to buy tomatillos, squash, potatoes, tomatoes, etc. She is 21-years-old, studied through the sixth year of primary school, is married, and has a 4-year-old daughter. Her customers are please because they always find what they need to cook. She feels happy requesting this loan because she will be able to have a greater variety of vegetables in her business. She hopes that with her earnings she will be able to get her own stall as the one that she has now is her sister-in-law’s space and with what she would save in rent she would use it for her daughter’s schooling as next year she will be in preschool.
Note: the person who is hard to see in the photo is Clara M..
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