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Blanco Y Negro Group
In this Group: Sandra, Maria Guadalupe, Delfina, Susana, Maria Raquel, Sandra, Elizabeth*, Elvia, Mayra, Rosa Isela, Laura Patricia
* not pictured
This group is called "Blanco y Negro" (Black and White) and is located in the State of Mexico. Sandra is a member of the group and is originally from this community. She has three children and tells us that she has been selling beauty products for five years. She started her business indirectly, helping another lady. Gradually, she realized that it was a good business and chose to start her own business. She is taking courses on selling this type of product so that she can strengthen her business and increase her sales. Over time, she has managed to increase her sales and, through her business, has managed to improve her own quality of life and that of her family.

Sandra will use her loan to buy more beauty products since she has a lot of orders. She will save some of her profits to pay for her children's education and to continue investing in her business. Her dream is to be a successful woman and, some day, to be able to see her children become professionals.
View original language description ↓
el grupo se llama "Blanco y Negro" está ubicado en el estado de México, dentro del grupo se encuentra la señora Sandra quien es originaria de la comunidad. Ella tiene tres hijos, nos comenta que desde hace 5 años vende productos de belleza que inicio de manera indirecta ayudándole a una señora, poco a poco se dio cuenta que era un buen negocio y opto por iniciar su propio negocio. Sus ventas han incrementado, ella toma cursos para ofrece este producto para poder fortalecerlo e incrementar sus ventas y así con el tiempo lograr tener incremento en sus ventas con lo cual ha podido mejorar su calidad de vida y la de su familia. Con el prestamo comprará más productos de belleza ya que tiene muchos pedidos. Con las ganancias que obtenga ahorrara para la educación de sus hijos y para seguir invirtiendo en su negocio. Ella tiene el sueño de ser una mujer exitosa y algun día poder ver a sus hijos como profesionistas.

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
  • 8
    View loans »
    Mexico Loans Fundraising
  • $17,540,000
    Funds lent in using Kiva
  • 11.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Blanco Y Negro Group's $3,025 loan helped a member to buy beauty products for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 1, 2011