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Rositas Del Ocho Group
In this Group: Carmela, Elizabeth, Epifania, Eldida, Laura, Maria, Maria Guadalupe, Maria Del Pilar, Maribel, Carmen
This group is called "Rositas del Ocho" a name chosen because it reflects the fact that the members live in the community’s Ocho neighborhood and what they like best are roses. It is located in the State of México. The community is noted for a lagoon located 100 meters from the town. Most of the residents go there to relax. The group has 10 members and this is the third time it’s requested a loan.

One of the group members is Laura. She is 31 years old and only finished elementary school. She has three children. She’s a housewife but also a merchant at the same time. She comments that her business started with much love since it’s the tool she uses to provide her children with a better life.

Laura sells clothes via catalogue. She sells her items to residents in her community. She’s been in business for 15 years. Her dedication to her business has allowed her to establish a regular customer base that is faithful to her thanks to the good service and kind treatment.

The loan will help her invest in more clothes. She dreams with some day having an establishment where she can display all her products and counsel people who would like to start their own business.
View original language description ↓
Este grupo se llama "Rositas del Ocho" este nombre fuen elejido porque las señoras viven en el barrio ocho de la comunidad y lo que más les gusta son las rosas. El grupo está ubicado en el estado de México. La comunidad se caracterisa por una laguna que se encuentra a 100 mts de la poblacion y la mayoria de las personas van a convivir ahí. El grupo está conformado por 10 integrantes y es la tercera vez que solicita un prestamo. Una de las integrantes del grupo se llama Laura, ella tiene 31 años, estudió solo la primaria, tiene 3 hijos, es ama de casa y a su vez comerciante, comenta que su negocio lo comenzo con mucho amor ya que es la herramienta para que sus hijos sigan estudiandiando y la manera de brindarles una mejor vida. La señora Laura se dedica a la venta de ropa que comercializa por catalogo, vende sus productos con las mismas personas de su comunidad, ya tiene 15 años en su negocio, su dedicación en su negocio ha permitido que sus clientes sean fieles con el buen servicio y trato, el prestamo le ayuda a invertir más en ropa, sueña que algun dia tenga un estableciomiento que le permita mostrar todos sus productos y ademas de asesorar a la gente para que comiencen su propio negocio.

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
  • 21
    View loans »
    Mexico Loans Fundraising
  • $18,316,675
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Rositas Del Ocho Group's $2,500 loan helped a member to invest in catalogue clothing.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2011
Listed
May 27, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 11, 2011