Unidad Las Cañas Group
Guadalupe is one of the group members. She is 34 years old and completed secondary school. She lives in a free union and sells shoes via catalogue, a business she started six years ago and in which she’s done very well; she has many pending orders.
She is asking for this loan to buy more merchandise (sandals, slippers, tennis shoes, etc). Her customers prefer her because she treats them very well and because she sells high quality shoes for very good prices.
At the moment of requesting the loan she feels very happy for the opportunity to continue growing in her business. She wants the loan to buy more shoes to fill her pending orders. She wants to use profits obtained from the sales to buy a table for her home and to contribute to her household’s economy.
About CrediComunThis 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.
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Success!! The loan was 100% repaid