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Espuma De Mar Group
In this Group: Silvia, Annel, Marcelina, Felix, Laura, Hermelinda, Enriqueta, Sandra Luz, Rufina, Cristina*
* not pictured
This group is called “ESPUMA DE MAR” (Sea Foam) and is made up of 10 ladies. Rufina Martínez is a member of the group and has two daughters and three sons. She has a fifth grade education and started a grocery store in the State of Mexico 15 years ago. She is asking for this loan so she can buy inventory, such as canned goods, milk, eggs, rice, beans, sugar, soap, and cold cuts. She wants to have more customers every day and wants her business to prosper so that she can enjoy a better financial situation with her family.

Hermelinda Hernández, age 39, is a member of this same group. She is married and has two children. She has a sixth grade education and has been selling Mexican food for about three years. She is asking for this loan to invest in more products so that she can offer her customers a greater variety. She feels that they are satisfied because they tell her that her food is delicious. She tells us that her plans are to expand her business in the future so that she can serve more customers. This business is her family’s biggest source of income.
View original language description ↓
Este grupo se llama “ESPUMA DE MAR”, está integrado por 10 clientas en este grupo se encuentra la señora Rufina Martínez de 51 años de edad, tiene 5 hijos; 2 mujeres y 3 hombres, estudió hasta el Quinto año de primaria, es comerciante y tiene su negocio de abarrotes que inició aproximadamente 15 años, que se ubica en el Estado de México, el prestamo lo solicita para invertir en mercancía como: enlatados, leche, huevo, arroz, frijol, azúcar,Jabón, y carnes frias etc. Lo que ella espera es tener cada día más clientes y que su negocio prospere para gozar de una mejor economía familiar. En este mismo grupo se encuentra la señora Hermelinda Hernández, de 39 años de edad, es casada, tiene 2 hijos varones, estudió hasta el sexto año de primaria, su negocio es de Antojitos Mexicanos quien tiene aproximadamente 3 años trabajando en este negocio, pide este prestamo para invertir en más producto para ofrecerles más variedad, ella considera que sus clientes están muy satisfechos con su negocio ya que dicen que lo que prepara es muy rico; ella comenta que sus planes a futuro son tener un negocio más amplio donde pueda atender a mas clientes lo que representaría mayor ingreso para su familia.

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
  • 60
    View loans »
    Mexico Loans Fundraising
  • $20,015,475
    Funds lent in using Kiva
  • 11.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Espuma De Mar Group's $3,225 loan helped a member to buy inventory and ingredients.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 29, 2011
May 6, 2011
Currency Exchange Loss:
Sep 15, 2011