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Milagros De Mozoquilpan Group
In this Group: Marisol, Maria Elena, Veronica, Gregoria, Daria, Antonia Tomasa, Angelina, Vanessa Miriam, Berenice
This group is called “Miracles of Mozoquilpan” and is based in the State of Mexico. The group is made up of 9 members, including Berenice P. M., the group’s president. She is 28 years old, has completed 3 years of secondary school and makes a living selling tortillas, napkins and tablecloths. She has 2 children: 1 girl and 1 boy.

She requested this loan to buy corn for making tortillas. She tells us that her business improves every day as her customer base grows. She is very excited about purchasing supplies to increase production and meet customer demand, which, for lack of resources, she has been unable to meet. She is also happy about the profits that will allow her to provide for her family and her children’s education.
View original language description ↓
Este grupo se llama “MILÁGROS DE MOZOQUILPAN”, está ubicado en el Estado de México, El grupo está conformado por 9 clientas, en este grupo se encuentra la señora Berenice P. M., es la presidenta del grupo. Tiene de 28 años de edad, estudió hasta 3er grado de secundaria, su ocupación es comerciante de tortillas, servilletas y manteles, y tiene en total 2 hijos: 1 mujer y 1 varón, ella se dedica a la venta de tortillas, solicitó su préstamo para comprar maíz para la elaboración de tortillas.Nos platica que su negocio cada día va mejorando ya que cuenta con más clientes, se siente muy entusiasmada por la compra de material para la elaboración de más producto que le han solicitado sus clientas y que por falta de recursos no ha podido surtir y de sus ganancias poder abastecer lo indispensable para el sustento de su familia y la educación de sus hijos.

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
  • 12
    View loans »
    Mexico Loans Fundraising
  • $18,789,925
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Milagros De Mozoquilpan Group's $3,550 loan helped a member to purchase corn to make tortillas.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2011
Listed
Apr 16, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011