The"Carmensitas” Communal Bank is maD. up of 9 people, among them is Mrs. Petra. She is originally from the state of México, is 39 years old, a single mother and has 5 children (4 women and 1 man). Petra has sold tortillas for a year, before she sold clothing. She had to become a salesperson because she doesn’t have the support of the father of her children and she has to meet the household expenses by herself. Ever since Petra began getting loans she has been able to improve her finances and since her children help her make the tortillas she is able to have a greater quantity of customers as her production and income increase. Mrs. Petra is very happy because her children support her in her business and by continuing to making her business grow she can support them by giving them a good education so that they can have a better future. Mrs. Petra would like the loan to buy dough and corn to make her tortillas and to buy them in greater quantities.
El grupo se llama "Carmensitas" está integrado por 9 personas entre ellas se encuentra la señora Petra es originaria del estado D. México, tiene 39 años D. edad, madre soltera, tiene 5 hijos (4 mujeres y 1 hombre). Ella venD. tortillas desD. hace un año y anteriormente vendía ropa, ella tuvo que dedicarse al comercio desD. hace varios años ya que como no tiene el apoyo del padre D. sus hijos así que tiene que cubrir los gastos D. la casa, desD. que comenzo con los prestamos a podido mejorar su economía y como sus hijos la apoyan en la elaboración D. tortillas pueden tener un mayor número D. clientes y así incrementar su producción e ingresos. la señora Petra se siente muy feliz porque sus hijos la apoyan en su negocio y por esta razón le gustaria apoyarlos dandoles educación para que puedan tener un mejor futuro y continuando haciendo crecer su negocio para poder cumplir con este objetivo. Ella quiere el prestamo para comprar masa y maíz para hacer sus tortillas y comprar por cantidades grandes.
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.