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Paz Group
In this Group: Ma De La Paz, Asucena Magaly, Lilia, Florentina Margarita, Ma De La Luz, Elvira, Esmeralda, Maria Guadalupe, Carmen
It’s located in the state of México. The group has 9 members. The Treasurer’s name is María de la Paz R. Sánchez. She is 46 years old and studied up to third grade. She’s divorced and has a total of four children, two girls and two boys. She is a Grocer, a business she started two years ago.

She is asking for this loan to stock her store. At the time of requesting the loan she is happy because she has more capital to diversify stock in her store and this will make it possible for her to retain her customers and meet their needs. She wants the loan to help her business grow, to have a larger, better situated locale in order to sell more and provide for her family’s expenses and continue providing education for her children so that they’ll have a better future.
View original language description ↓
Esta ubicado en el estado de México. Este grupo esta conformado por 9 integrantes. La tesorera se llama Maria de la Paz R. S.. Tiene 46 años, estudio hasta el tercer año de primaria, es divorciada y tiene en total 4 hijos, 2 mujeres y 2 varones, Ella se dedica a la venta de Abarrotes, negocio que inicio hace 2 años. Solicita este prestamo para surtir su negocio. Al momento de solicitar este prestamo se siente sontenta porque cuenta con mas capital para diversificar los productos que ofrece en su tienda y con esto poder retener y satisfacer las necesidades de los clientes. Quiere este prestamo para hacer crecer su negocio, tener un local mas grande y mejor ubicado para poder verder mas y con esto apoyar a su familia con los gastos economicos y seguir brindandoles educación a sus hijos para tener un mejor futuro.

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
  • 40
    View loans »
    Mexico Loans Fundraising
  • $18,347,550
    Funds lent in using Kiva
  • 11.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Paz Group's $2,600 loan helped a member to buy stock merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 26, 2011
Listed
Apr 30, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 16, 2011