This group is named “Almendrita” (The Little Almond). The name was chosen because for them it has a lot of meaning as one of the members works selling food, especially mole (a special sauce used in Mexican cuisine) and this is an ingredient that is used a lot in its preparation. It is located in the state of México and this community is characterized by having one of the largest livestock markets in the state. The group is made up of 11 members and this is the third time that they have requested a loan. One of the members of the group is named Blanca F. C. She is 34-years-old and studied through middle school. She is a housewife and a businesswoman. She comments that her business is a fundamental part of getting ahead with the expenses that appear daily. She has two sons who are 15 and eight-years-old and two daughters who are 12 and five-years-old. Blanca works selling clothing to the people in her community. For her the opportunity to obtain a loan is a huge help as she would like to invest with greater ease to buy fabric to make clothing. She dreams that one day she will be able to increase her sales to buy another sewing machine for greater production and expand her business and in this way contribute to her children having a better education and quality of life.
Notes: the women that are hard to see in the photo are named Carmen L. and Virginia G..
Este grupo se llama “ALMENDRITA” este nombre fue elegido porque para ellas tienen mucho significado, ya que una de las integrantes se dedica a la venta de comida, en especial el mole que ella misma prepara y es un ingrediente que ocupa mucho en su preparación. Está ubicado en el estado de México y esta comunidad se caracteriza por tener una de las plazas ganaderas más grande del estado. El grupo está conformado por 11 integrantes y es la tercera vez que solicitan un Préstamo. Una de las integrantes del grupo se llama Blanca F. C. Tiene 34 años, estudió hasta la secundaria, es ama de casa y a su vez comerciante, comenta que su negocio es parte fundamental para salir adelante con los gastos que se presentan diariamente, ella tiene 2 hijos varones de 15, 8 años y 2 mujeres de 12 y 5 años. Blanca se dedica a la venta de ROPA misma que vende con las personas de su comunidad, para ella la oportunidad de obtener un préstamo es de gran ayuda ya que quiere invertir con mayor facilidad para comprar telas para la confección de la ropa. Sueña que algún día pueda incrementar sus ventas para comprar una maquina más para realizar mayor producción y expanda su negocio y así contribuir a que sus hijos tenga una mayor educación y una mejor calidad de vida. Observaciones las señoras que no se ven bien en la foto se llaman, Carmen L. y Virginia G.
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.