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Amacuzac Group
In this Group: Cristina, Aquila, Maria Magdalena, Angela, Zorayda Elisbeth, Maricela Manuela, Ana Laura, Eugenia, Cecilia, Urbana*
* not pictured
The "Amacuzac" group is located in state of Morelos in Mexico. It has 10 members, and this is the second time it has sought a loan.

Cristina Domínguez Díaz is the president of the group. She is 59, has a secondary school education, and has two children, a girl and a boy. She has been selling food for the last nine years. She is seeking a loan to buy oil, beans, and rice--products she uses in her cooking--as well as soft drinks for her business. Her clients like her food because it is well-seasoned and always very hygienic. The loan will help her increase her business, and with her gains, she wants to buy material to build a house so as to secure her children's well-being and education.
View original language description ↓
Este grupo se llama "Amacuzac" esta ubicado en el estado de Morelos en México. El grupo esta conformado por 10 personas y es la segunda vez que solicitan un crédito. La señora Cristina Domínguez Díaz es la presidenta del grupo, tiene 59 años, estudio hasta el tercer año de secundaria es comerciante y tiene en total 2 hijos, una mujer y un varón. Ella se dedica a la venta de comida, negocio que inicio hace 9 años, solicita el préstamo para comprar aceite, frijol, arroz productos que utiliza en la elaboración de comida además de refrescos para su negocio, a sus clientes les gusta su comida porque tiene muy buen sazón y siempre esta muy limpio. Al momento de solicitar este préstamo se siente contenta porque podrá ampliar su negocio y con las ganancias comprara material para construir su casa y poder seguir beindandoles educación a sus hijos. Observaciones, la persona que no se ve bien en la fotografía se llama Ana F..

Additional Information

About CrediComun

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.

About Mexico

  • $15,600
    Average annual income
  • 13
    View loans »
    Mexico Loans Fundraising
  • $19,049,100
    Funds lent in using Kiva
  • 12.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Amacuzac Group's $2,900 loan helped a member to buy stock, such as oil, beans, rice, etc. for a food business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 3, 2011
Listed
Apr 2, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011