This group is called 'Las Amistosas 1' (The Friendly Women) and is located in the State of Mexico which is noted for its hard-working people, its agriculture and its livestock raising. The group has nine members and this is the third time that they are requesting a loan to improve their businesses.
Araceli is the group's president. She started her printing business a year ago. She prints designs on t-shirts and logos on glasses for any social event. She needs this loan to buy more work materials. Araceli is 27 years old and studied up to the sixth year of elementary school. She is a person who has a great desire to improve herself and own a successful business in order to provide her family with the best. She lives with her partner and has a 5 year-old daughter. Araceli will save some of the profits she makes for her daughter's education since her dream is to see her graduate some day and to have all the opportunities that she herself could not have.
Este grupo se llama “LAS AMISTOSAS 1” y se ubica en el Estado de México. Se distingue por su gente trabajadora, por su agricultura y ganadería. El grupo esta conformado por nueve integrantes y es la tercera vez que solicita un prestamo para mejorar sus negocios. Araceli es la presidenta del grupo. Inició su negocio hace un año, la cual es una imprenta en la cuál realiza estampados en playeras y logotipos en vasos para cualquier evento social, requiere el prestamo para comprar más material de trabajo. Ella tiene 27 años, estudió hasta sexto de primaria, es una persona con muchas ganas de superarse y tener un negtocio exitoso día con día, siempre con el deseo de brindarle lo mejor a su familia. Ella vive en unión libre y tiene una pequeña hija de 5 años. Con las ganancias que obtenga ahorrara una parte para la educación de su hijas ya que tienen el sueño de verla graduada algun día y teniendo todas las aportunidades que ella no pudo tener.
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.