This group is called "The Small Atotonilco Well," since it is located in a small park with a well. It is located in the state of Mexico and formed by 11 members. Mrs. Minerva is a member, is 42 years old, studied up to junior high school, and sells items in a grocery store. At the moment she is just raising a 20 year old son. She is requesting the loan to supply her grocery store with more merchandise to offer clients from her area. She comments that the service she offers and her availability have allowed her have a large number of clients. At the moment she feels confident in requesting the loan since she has worked properly and without any setbacks. By investing in her business she hopes to make the highest amount of profits possible to continue restocking. The effort and dedication are the foundation she has to continue growing with her business. She plans to save up the profits she makes to help her son get a career and have a higher standard of living.
Este grupo se llama "El Pozito de Atotonilco", ya que en ese lugar hay un pequeño parque y hay agua que brota, esta ubicado en el Estado de México, el grupo esta conformado por 11 integrantes, la señora Minerva es integrante del grupo, tiene 42 años, estudio solo hasta la secundaria, ella se dedica al comercio ya que tiene una tienda de abarrotes, actualmente solo mantiene a un hijo de 20 años. Solicito el prestamo para comprar un poco de mercancia para tener mejor surtida su tienda y ofrecer mayor cantidad de productos a sus clientes que principalmente son de la misma localidad, comenta que el servicio que brinda y la disponibilidad le han permitido captar una mayor cantidad de clientes. Al momento de solicitar el credito se siente contenta ya que ha trabajando de la manera adecuada y sin contratiempos, al invertir en su negocio ella espera obtener un mayor ingreso que le permita seguir comprando mas productos, el esfuerzo y dedicacion es la base que tiene para seguir creciendo junto con su negocio. Con las ganancias que obtenga desea ahorrar para brindarle una carrera profesional a su hijo y una mejor calidad de vida.
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.