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Perlas Del 5 De Mayo Group
In this Group: Reyna, Julia Beatriz, Karina, Marlen, Rosa Maria, Bonifacia, Josefina, Alicia*, Maria Del Socorro, Maribel
* not pictured
This group is called "Perlas del 5 de Mayo" (The Pearls of 5 de Mayo). Josefina is a member of the group. She sells cosmetics through a catalog and also fried food in the mornings. This is the third time that she has requested a loan. The group was given its name because pearls make ladies beautiful and '5 de Mayo' is the name of the town where they live.

Josefina is 63 years old and only attended elementary school. She is married and has seven grown-up children: four sons and three daughters. She tells us that she has been in business for twenty years. She started out selling food from premises that she owns. Then she worked as a butcher for 10 years. She currently sells cosmetics through a catalog so that she can spend more time at home with her children and because her uncle is sick and there is nobody else who can take care of him. Josefina says that this loan will help her to stock up with products and invest in merchandise. This will make more income for her family. She believes that she is being provided an opportunity to get ahead and make progress in her business. With her loan, she has been able to support her children and help with her uncle's illness. Her plans for the future are to re-open her sales premises and sell more products so that she can make better income.
View original language description ↓
ESTE GRUPO SE LLAMA "PERLAS DEL 5 DE MAYO" LA SEÑORA JOSEFINA ES UNA INTEGRANTE DEL GRUPO, ELLA VENDE COSMETICOS POR CATALOGO Y FRITURAS POR LAS MAÑANAS ES LA TERCERA VEZ QUE SOLICITA UN PRESTAMO, EL GRUPO LLEVA ESE NOMBRE YA QUE A LAS SEÑORAS SE LES HACEN BONITAS LAS PERLAS Y 5 DE MAYO SE LLAMA LA LOCALIDAD EN LA QUE VIVEN. LA SEÑORA JOSEFINA TIENE 63 AÑOS, ESTUDIO SOLO LA PRIMARIA, ES CASADA Y TIENE SIETE HIJOS DE LOS CUALES CUATRO SON HOMBRES Y 3 MUJERES, TODOS ELLOS YA SON MAYORES DE EDAD. LA SEÑORA COMENTA QUE DESDE HACE YA VEINTE AÑOS SE DEDICA AL COMERCIO Y COMENZO VENDIENDO COMIDA EN UN LOCAL QUE TIENE, LUEGO SE DEDICO 10 AÑOS A LA TABLAJERIA, EN LA ACTUALIDAD VENDE COSMETICOS POR CATALOGO, YA QUE TIENE QUE ESTAR EN SU CASA MAS TIEMPO POR CON SUS HIJOS Y PORQUE TIENE A SU TIO ENFERMO Y NO HAY NADIE MAS QUE LO CUIDE, ELLA COMENTA QUE CON EL PRESTAMO QUE LE OTORGUEN LE AYUDARÁ A SURTIRSE DE PRODUCTOS E INVERTIR EN MERCANCIA, ESTO GENERARÁ MAS INGRESOS PÀRA SU FAMILIA. CONSIDERA QUE LE BRINDAN LA OPORTUNIDAD DE SALIR ADELANTE Y MEJORAR EN SU NEGOCIO. CON SU PRESTAMO HA PODIDO APOYAR A SUS HIJOS Y SALIR ADELANTE CON LA ENFERMEDAD DE SU TIO, SUS PLANES PARA EL FUTURTO ES VOLVER ABRIR SU LOCAL Y VENDER MAS PRODUCTOS PARA TENER MEJORES INGRESOS.

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
  • 10
    View loans »
    Mexico Loans Fundraising
  • $17,551,825
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Perlas Del 5 De Mayo Group's $3,625 loan helped a member to invest in beauty products from a catalog.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 6, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011