This group is called "Unión Popular" because that's what the members call the place where they live. The members consider the name to be good luck. The group consists of 10 members, and among them is Eliza, who is a native of the community in Hidalgo, Mexico. Eliza is married and has three children, ages 7, 8 and 11. She makes a living selling natural ice creams. Her customers consider her to be a great person who is dedicate to her job and to her family's well-being. She says she started working four years ago out of necessity because her family was growing and her husband's income wasn't enough to cover expenses. She decided to start her own business. As the years have past her business has become established due to the attention and dedicate she shows. Eliza is requesting the loan to purchase raw materials such as water, sugar, fruits, ice, etc., since this it's a busy season that requires greater investment. With the money she makes she will continue investing in the business and in the education of her children, from whom she wants to have a better quality of life.
Este grupo se llama "Unión Popular", porque así se llama el lugar donde viven. Las clientas consideran que este nombre es de buena suerte. El grupo se encuentra conformado por 10 integrantes entre las cuales esta la señora Eliza quien es originaria de la comunidad. El grupo esta ubicado en Hidalgo, México. La señora Eliza es casada y tiene 3 hijos de 7, 8, y 11 años de edad, ella se dedica a la venta de helados naturales. Sus clientes la consideran como una gran persona, dedicada al trabajo y al bienestar de su familia. Comenta que comenzó su negocio hace 4 años, debido a que las necesidades de su familia incrementaban y el ingreso de su esposo no era suficiente para cubrir los gastos. Decidió iniciar su propio negocio. Conforme han transcurrido los años el negocio se ha consolidado debido a la atención y dedicación que muestra. Ella quiere el prestamo para invertir en materia prima como agua, azucar, frutas, hielos etc. debido a que se encuentra en una temporada alta, y requiere de mayor inversión. Con las ganancias que obtenga seguira invirtiendo en su negocio y para la educación de sus hijos ya que desea que tengan una mejor calidad de vida.
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.