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Cerritos Group
In this Group: Norma, Norma Angelica, Sofia, Angelina, Susana, Dalia, Magdalena, Juana, Elizabeth
This group is called "Cerritos" and is located in Morelos, Mexico. Angelina Sanchez B. is a member of the group. She is 45 years old, lives with her partner, and has two children who are her pride and joy as they are very studious. Angelina is from Morelos and she has been selling cosmetics for eight years. She would like to invest her loan money in the orders that her neighbors, friends and family members make with her since sometimes she doesn't have enough money to cover their orders.

Angelina is currently the president of her group which has nine members. She feels very happy because, through her sales, she is helping to make income for her family and thereby improving her family's quality of life. Angelina is currently taking a course in decorating balloons which she hopes will become another source of income as she will be able to offer a service providing decorations for parties.
View original language description ↓
Este grupo se llama "Cerritos" y esta ubicado en Morelos, México. La señora Angelina Sanchez B. es integrante del grupo tiene 45 años de edad, vive en union libre, tiene 2 hijos los cuales son su orgullo pues son muy estudiosos, ella es originaria de Morelos, se dedica a la venta de cosmeticos desde hace 8 años, y con el prestamo quiere invertir en los pedidos que le hacen sus vecinas amigas y familiares ya que aveces no le alcanza el dinero para cubrir sus pedidos. Actualmente ella es presidenta del grupo el cual esta conformado por 9 integrantes, se siente muy feliz ya que con su venta ayuda al ingreso familiar y asi mejorar su nivel de vida. Actualmente esta tomando un curso de decoracion de globos con lo cual planea tener asi otro ingreso pues podra ofrecer adornar en fiestas.

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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $18,365,750
    Funds lent in using Kiva
  • 11.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Cerritos Group's $2,825 loan helped a member to invest in cosmetics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2011
Listed
Apr 29, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011