This group is called “Crucero D. San Vicente” because it’s located on the crossroads of San Vincente in the state of Mexico. The group is maD. up of nine members and this will be their second loan. Eleuteria H. H is the treasurer. She is 44 years old and only completed elementary school. She sells fine wool articles and has been doing so for eight years. She has two children (a son and daughter). She is asking for this loan in order to stock her business and fill some orders that she has received. She is happy with the group and plans to grow her business in the short term and eventually open a store to improve the quality of life for her children. She wants to give them an education so that they can attain professional careers.
Este grupo se llama Crucero D. San Vicente, porque esta ubicado exactamente en un cruce carretero D. L. comunidad D. San vicente en el estado D. México, en México. El grupo esta conformado por nueve integrantes y es L. segunda vez que solicita un prestamo. L. señora Eleuteria H. H. es L. tesorera del grupo. Tiene 44 años y solo termino L. primaria. ElL. se dedica al comercio D. estambres para costuras que inicio ase 8 años. Tiene dos hijos en total (una mujer y un varon). Solicita el prestamo para surtir su negocio y cubrir los pedidos que tiene por cumplir. Al momento D. solicitar este prestamo se siente a gusto con el grupo ya que planea a corto plazo el crcimiento D. su negocio y posteriormente emprender otro negocio D. papeleria con el fin D. mejorar L. calidad D. vida D. sus hijos y continuar dandoles educación para que logren una carrera profesional.
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.