The name of this group is Mujeres Triunfadoras (Victorious Women) as the majority of its members work in a small sewing shop where they manufacture products for different Mexican companies. The group is composed of 9 members, and this is the fourth time they are requesting a loan. Mrs. Elizabeth S. R. is the president of the group. She is 30 years old, she studied through high school, she has one child and she engages in manufacturing clothes for different brands. The loan she is requesting will be used to invest in purchasing raw materials to satisfy her customers’ requests and, at the same time, to become more prestigious thus succeeding in expanding her activity. In requesting this loan she feels very happy about the opportunity she is offered to continue investing and increasing her sales, as this will consequently allow her small business to grow. She also hopes that the money she will earn will allow her to help contributing to her family’s expenses, as well as paying for an education for her son so that will help him achieving his dreams.
Este grupo se llama Mujeres Triunfadoras , porque la mayoria de las integrantes trabajan en un pequeño taller de costura donde maquilan mercancia de otras empresas estan ubicadas en el estado de Mexico. El grupo se encuentra conformado por 9 integrantes y es la cuarta vez que solicita un prestamo. La señora Elizabeth S. R. es la presidenta del grupo. Tiene treinta años, estudio hasta la preparatoria, se dedica a la maquila de ropa para otras marcas y tiene un hijo. Solicita el prestamo para invertir en materia prima y poder solventar las necesidades de sus clientes y al mismo tiempo adquirir un mayor prestigio y poder expander su negocio. Al solicitar este prestamo se siente muy contenta por la oportunidad que le brindan de continuar invirtiendo e incrementar sus ventas y en consecuente poder expander y hacer crescer su micro empresa. Tambien espera con las ganancias que obtenga apoyar a su familia en los gastos y darle educación a su hijo para que consiga lograr sus sueños.
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.