In this photograph the group called “ESTACION DE AMOR” [Love Station] can be seen. It is located in the state of Puebla, México. The group is made up of 9 members. Mrs. Maria Teresa P. is one of the members of the group and she does embroidery on things such as sweaters, scarves, and bags, among others. She has done this activity for 4 years. The customers remark that the service is very good and the payments are reasonable. She is known to many people who buy from her. This loan will be used to pay for the orders she has so that she can make her deliveries. She will use her earnings to invest in thread and worsted yarn for her embroidery. In the future, she wants to enlarge her business and buy a sewing machine. Teresa also has a frim plan to build a stable for her animals. She has cows, which are tied up in her patio. She is 42 years old and finished sixth grade. She is divorced and has 3 children, 1 boy and 2 girls.
En esta fotografia se muestra al grupo llamado “ESTACION DE AMOR” el cual esta ubicado en el estado de Puebla, México. El grupo esta conformado por 9 integrantes. La señora Maria Teresa P. es una de las integrantes del grupo y se dedica a la elaboración de bordados como sueters, bufandas, bolsas entre otras, esta activiadad la realiza desde hace 4 años, las clientas comentan que el trato es muy bueno y los pagos son razonables. Ella es conocida por mucha gente que le compra. Este credito lo destinara para el pago de los pedidos que le solicitan para realizar sus entregos y las ganancias que obtenga las inverte en hilos y estambres para sus bordados, ella quiere posteriormente agrandar su negocio y comprar una maquina de bordar. En un futuro la señora Teresa tiene el firme proposito de construir un establo para sus animales pues tiene vacas las cuales estan en su patio amarradas. Ella tiene 42 años y estudio hasta el sexto grado de primaria, es divorciada, tiene 3 hijos, 1 hombre y 2 mujeres.
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.