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Maravillas Group
In this Group: Gabriela, Irma, Maria De Lourdes Nieves, Cecilia, Maria Rosa Ignacia, Josefina, Maria De La Luz Alicia, Maria Antonia, Alejandra
The name of this group is “Maravillas” (Miracles) in honor of the fact that all of the members are devotees of the Señor de las Maravillas in Mexico. The group is comprised of nine members, and this is the sixth time they are requesting a loan.

Cecilia F. G. is president of the group. She is 40 years old, and she only has a middle school education. She is married, and she has three children (ages 18, 17, and 12). She sells Mexican snacks. Her colleagues know her to be a responsible person who has gotten ahead when facing adversity.

She has been constantly progressing. She needs the loan to buy utensils for her business. Later on she plans to use her earnings to expand her business. She will set up a site to sell juice and fruit cocktails.

Note that the woman that you cannot see well in the photo is Alejandra C..
View original language description ↓
El nombre de este grupo es MARAVILLAS, en honor a que todas son devotas del Señor de las Maravillas de Puebla en México. El grupo esta conformado por 9 integrantes y es la sexta vez que pide un prestamo. La señora CECILIA F. G., es la Presidenta del grupo, ella tiene 40 años de edad, estudio unicamente la secundaria ,es casada y tiene tres hijos (18,17 y 12 años). Se dedica a la venta de antojitos mexicanos; es conocida por sus compañeras por una persona responsable y que ha salido adelante ante la adversidad, siendo originaria de esta comunidad ha progresado constantemente, el prestamo lo requiere para comprar utencilios para su negocio y tiene pensado más adelante con las ganancias que obtenga incrementar su negocio y poner un local y vender jugos y cocteles de frutas. Observaciones, la señora que no se ve bien en la foto se llama Alejandra C..

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

  • $11,249
    Average annual income
  • 10
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Maravillas Group's $3,250 loan helped a member to buy utensils for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2011
Listed
Apr 13, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011