This lender group is called "Chain of Dreams", since access to credit is a dream all members share. This group hails from Toluca in the state of México. Juana G. is a member who is 29 and supports her parents. She is excited by the prospect of a loan, which she will invest in materials for making sewn toys such as dolls and stuffed animals, which are popular with customers. She takes custom orders and always delivers on time. In this way, she helps her parents and considers this a way to repay them for the years of care and hard work they gave her. She hopes one day to expand her sewing operation and increase business capacity to produce many more toys.
El grupo se llama "Cadena de Sueños, porque todas las señoras del grupo tienes sueños por realizar al adquirir este prestamo. el grupo se encuentra ubicado en Toluca en el estado de México. La señora Juana G. es una integrante del grupo, ella tiene 29 años, tiene dos dependientes economicos que son sus papás, la señora Juana se siente satisfecha con la oportunidad que le brindan de salir adelante y confiar en ella, ya que podra invertir en materia prima para su negocio de costura de peluches ya que tiene muchos pedidos pues a sus clientes les gusta como trabajo, los modelos que realiza para cualquier evento que haya y siempre entrega todo a tiempo. De esta manera ella quiere ayudar a su familia y principalmente a sus papás quienes siempre la apoyarón y piensa que es momento de devolverles todo el amor y esfuerzo que realizarón por ella, apoyandolos en los gastos que se presentan diariamente, piensa en el futuro poder adquirir un gran taller de costura y poder realizar mayores entregas de peluches.
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.