Las Maravillas De Ixtlahuaca Group
Mrs. DOLORES S. F., 34, is a group member. She completed 9th graD. and has three children. One of them is in 7th graD., the other is in 5th graD. and the youngest, who is 8 years old, is in 4th graD.. She is both a housewife and a merchant. She states that her business is vital to be able to handle daily expenses that present themselves.
She has a small sewing workshop where she works Monday through Friday. She has 15 years experience in this line of work. Five years ago she decided to set up her own workshop. Her dedication to the business has created regular customers thanks to the good service and kind treatment they receive. She wants the loan to buy raw materials (fabric, thread and sewing machines) to continue working. She dreams with having a larger establishment some day to obtain higher profits which are a growth opportunity with which to proviD. her children with the best possible quality of life as well as schooling so they can improve themselves.
Observation: the women that aren’t clearly visible are Alejandra M. and Maria M..
About CrediComunThis 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.
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Success!! The loan was 100% repaid