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Paloma Blanca Group
In this Group: Guadalupe, Adelaida, Maria Del Pilar, Maria Del Socorro, Ana Lidia*, Alejandra, Agustina, Maria De Jesus, Beatriz
* not pictured
This group is called “Paloma Blanca” (White Dove) since the members represent peace and unity. This group is from Toluca in the State of Mexico.


Sra. Beatriz A. is 31 years old and has two sons. She has been in business for eight years. Beatriz sells household goods and seasonal products as a street vendor. This is the second loan she has requested to grow her business. The funds will be used to acquire seasonal products. She is happy and pleased to obtain a new loan. Her goal is to have an established location and achieve financial stability so that her family will have a better life and her children can receive an education that will help them become successful professionals. Doña Beatriz is a hardworking and enterprising individual, which is why she wants to continue investing in her business.

View original language description ↓
El grupo se llama "PALOMA BLANCA" por la paz y la unión que representan. Se encuentra ubicado en toluca, Estado de México. La señora Beatriz A. tiene 31 años y dos hijos varones, se dedica a su negocio desde hace 8 años, Ella vende articulos para el hogar y de temporada de forma ambulante, este es su segundo prestamo que solicita para el crecimiento de su negocio, el cual utilizara para adquirir productos de temporada. Se siente feliz y contenta de recibir un nuevo prestamo, su objetivo es lograr tener un local fijo y obtener una estabilidad economica con su familia para poderles brindar una mejor vida y educación para sus hijos para llegar a ser grandes profesionistas. Doña Beatriz es una persona muy trabajadora y emprendedora por esta razón quiere continuar invirtiendo en su negocio.

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
  • 3
    View loans »
    Mexico Loans Fundraising
  • $17,344,000
    Funds lent in using Kiva
  • 11.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Paloma Blanca Group's $3,100 loan helped a member to purchase seasonal products and household goods.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2011
Listed
May 6, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2011