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Nueva Esperanza Del Ejido Group
In this Group: Marlen, Cristina, Maria Rocio, Ma Esther, Maria Eulalia, Elena, Raquel*, Vanessa, Leonila
* not pictured
The group is called "LA NUEVA ESPERANZA DEL EJIDO", (The Ejido’s New Hope). They chose this name because the women had been working together and consider this loan as a new hope for the plans they have for their businesses.

They are located in the State of México. The group has 9 members. María Rocío is one of the members.

She is 49 years old and finished elementary school in her community. She is a Grocer in her locality and has a store. She has two children (a 19-year-old daughter and a 17-year-old son). She has sold groceries for several years now and is asking for a loan to purchase merchandise for her store. She wants to enhance her business to help her husband pay for her two children’s university expenses so that they will have a better opportunity to get ahead.
View original language description ↓
El grupo se llama "LA NUEVA ESPERANZA DEL EJIDO", eligieron este nombre debido a que las señoras estaban trabajando juntas, consideran este prestamo como una nueva esperanza para los planes que tienen para sus negocios. Estan ubicadas en el Estado de México. El grupo esta conformado por nueve integrantes. Maria Rocio es una integrante del grupo. Ella tiene 49 años y culmino sus estudios de primaria en su comunidad. La señora se dedica al comercio de abarrotes en su localidad ya que cuenta con una tienda. Tiene dos hijos (una hija de 19 años y un hijo de 17 años). La sseñora se dedica a la venta de abarrotes ya varios años y solicita el prestamo para invertir en la mercancia para su negocio. Desea consolidar su negocio para ayudar a su esposo en los gastos de la universidad de sus dos hijos y asi ellos puedan tener una mejor oportunidad de salir adelante.

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
  • 28
    View loans »
    Mexico Loans Fundraising
  • $18,610,225
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza Del Ejido Group's $2,500 loan helped a member to buy stock merchandise for her store.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2011
Listed
May 21, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011