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Nuevo Solecito Group
In this Group: Ana Maria, Hilaria, Simona, Alicia, Ana Luisa, Emilia, Felipa, Hilda
This group was named 'Nuevo Solecito' (New [Little] Sun) because the group members want to start this loan with a new sun. The group is located in the State of Mexico and has eight members.

Ana Luisa C. is the group's president. She is 24 years old, completed high school, and lives with her partner. She has run a business selling hand-made tortillas for two years. She is requesting this loan to improve her business premises as, right now, it is made from logs and plywood. At the time of requesting this loan, Ana Luisa is very excited because, thanks to this opportunity, she was able to start her business and it has gradually grown. Her goal is to own the best tortilla bakery in town. She will use the profits that she makes to save up so that she can improve her home and her family's quality of life.
View original language description ↓
ESTE GRUPO SE LLAMA NUEVO SOLECITO PORQUE CON ESTE PRESTAMO QUIEREN INICIAR CON UN NUEVO SOL. ESTA UBICADO EN EL ESTADO DE MEXICO. ESTE GRUPO ESTA CONFORMADO POR 8 INTEGRANTES. LA SEÑORA ANA LUISA C. ES LA PRESIDENTA DEL GRUPO, TIENE 24 AÑOS DE EDAD, ESTUDIO LA SECUNDARIA, VIVE EN UNION LIBRE Y TIENE UN NEGOCIO DONDE VENDE TORTILLAS HECHAS A MANO DESDE HACE 2 AÑOS, SOLICITA ESTE PRESTAMO PARA MEJORAR EL LOCAL DONDE TIENE SU NEGOCIO YA QUE POR AHORA ES DE TRONCOS Y TRIPLAY. AL SOLICITAR ESTE PRESTAMO ESTA MUY EMOCIONADA YA QUE GRACIAS A ESTA OPORTUNIDAD PUDO INICIAR SU NEGOCIO Y POCO A POCO HA CRECIDO Y SU META ES LLEGAR A TENER LA MEJOR TORTILLERIA DE LA LOCALIDAD. CON LAS GANANCIAS QUE OBTENGA VA AHORRAR PARA MEJORAR SU CASA Y LA CALIDAD DE VIDA DE SU FAMILIA.

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
  • 4
    View loans »
    Mexico Loans Fundraising
  • $17,308,100
    Funds lent in using Kiva
  • 11.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Solecito Group's $2,950 loan helped a member to buy materials to re-build the premises from which she sells her tortillas.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2011
Listed
May 23, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 1, 2011