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Las Vecinas Group
In this Group: Juana, Margarita Leobarda, Rufina, Daniela, Lucia*, Griselda, Erika, Noemi, Enriqueta, Celene
* not pictured
This group is called "Las Vecinas" (The Neighbors). It is made up of 10 customers.

One member of this group is Noemí. She is 37 years old and has two sons, who are 14 and 12, and a 10-year-old daughter. She tells us that about seven years ago she decided to start her business selling sweets. She began it in the State of Mexico, and thanks to her family's support her business has grown. Unfortunately she and her husband separated, but now her earnings help her to cover the family's expenses, so she is not as worried about providing for her children and hopes to help them go to college in the future.
View original language description ↓
Este grupo se llama “LAS VECINASS”, está integrado por 10 clientas, en este grupo se encuentra la señora Noemi de 37 años de edad, tiene 2 hijos de 14, 12 años y una hija de 10 años, nos platica que hace aproximadamente 7 años decidió poner su negocio de dulces que inició en la comunidad en el Estado de México, y gracias al apoyo de su familia su negocio ha ido creciendo, ya que desafortunadamente se separó de su esposo; ahora que sus ganancias le ayudan a solventar los gastos de su familia por lo cual ya no se siente tan preocupada por sacar adelante a sus hijos y espera en un futuro brindarles una carrera universitaria.

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
  • 37
    View loans »
    Mexico Loans Fundraising
  • $19,077,825
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Vecinas Group's $3,825 loan helped a member to invest in her business selling sweets.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
May 25, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 11, 2011