This group is called "CIELO I" [Heaven I]. It is made up of 9 clients. They are located in the state of México. Yolanda is in this group. She is 36 years old and has 4 children, 2 boys and 2 girls. She tells us that she went to school until the third year of secondary school. At this time, she works as a clothes designer. She learned this trade on her own and has a small sewing workshop that she started approximately 10 years ago. She decided to open her sewing business to help her husband with the household expenses. She is asking for the loan to buy materials such as: fabric, thread, etc.She will use the earnings she makes to build her house and renovate the furniture equipment in her workshop, in addition to covering the school expenses of her 4 children.
Este grupo se llama "CIELO I", está integrado por 9 clientas, se encuentran ubicados en el Estado de México. en este grupo se encuentra la señora Yolanda de 36 años de edad, tiene 4 hijos: 2 hombres y 2 mujeres, nos platica que estudió hasta el tercer año de secundaria, actualmente se desempeña como diseñadora de ropa, oficio que adquirió por cuenta propia, tiene un pequeño taller de costura que inició hace aproximadamente 10 años, decidió poner su negocio de costura para ayudar a su esposo con los gastos familiares. Solicita el prestamo para la compra de materia prima como son: telas, hilos, costuras, etc. Las ganancias que obtenga lo utilizará para la construcción de su casa y renovar el mobiliario y equipo de su taller, además de cubrir los gastos escolares de sus 4 hijos.
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.