El Pedregal De Los Pinos Group
Maria Dolores G. was one of the women who started this group. She is currently the group's treasurer. Maria is 37 years old, married, and has two children: one son and one daughter. She did not attend school.
Maria is a housewife who also sells tortillas and raises chickens. She started her home with one room maD. from blocks and asbestos sheets. She is requesting this loan to invest in buying corn to make tortillas and chickens to raise, and to improve her home. She is very happy to have the opportunity that she is being offered. Maria has a lot of goals for her business and her family. She tells us that she would like to invest in her business so that she can then save and buy a gas 'comal' (special hotplate for cooking tortillas) since the one she has right now runs on firewood and it is difficult to go and look for firewood to cook her tortillas with. Maria plans to use her loan to grow her business even more so that she can make more income and improve her family's quality of life as well as her own.
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