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Faizan Group
In this Group: Magdalena, Rocio, Leticia, Maria Del Carmen, Rosa Maria, Reyna, Adriana, Lourdes*, Maria Dolores
* not pictured
This group is named "Faizan" because it is the name of a beautiful bird. It is located in the state of Toluca in Mexico. The group is maD. up of nine members. Ms. Rosa Maria P. is the president of the group. She is 42 years old and finished her third year of middle school. She is a cook and has been selling food for two years. She is requesting this loan to invest in supplies, dishes and grills. She is very happy to be requesting this loan since she wants to invest it in supplies and a grill to grow her business and to be able to make greater quantities of food to fill the orders she gets daily. With her profits she also wants to save to be able to proviD. her children with an education so that they an have a better future and better quality of life.
View original language description ↓
Este grupo se llama "FAIZAN" porque es el nombre D. un ave hermosa. Esta ubicado en el estado D. Toluca, en México. El grupo esta conformado por 9 integrantes. L. señora Rosa Maria P. es L. presidenta del grupo. ElL. Tiene 42 años, estudio hasta el tercer año D. secundaria, es cocinera, se dedica a L. venta D. comida que inicio hace 2 años. Solicita el préstamo para invertir en materia prima, trastes y parrilas. Al solicitar el prestamo se siente muy contenta ya que lo quiere para invertir en insumos y una parrilL. para así hacer crecer su negocio y hacer mayor cantidad D. comida para dar a basto los pedidos que le hacen diariamente. Tambien desea con las ganancias que obtenga ahorrar para brindarles educación a sus hijos y así tengan un mejor futuro y una calidad D. vida.

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
  • 29
    View loans »
    Mexico Loans Fundraising
  • $19,068,050
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Faizan Group's $3,000 loan helped a member to invest in supplies and a grill for her food business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2011
Listed
May 25, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2011