Luz 2 Group
Sra. Alfonsa is a member of the group. She is 57 years old, has an elementary school education, and works as a cook. Alfonsa has managed a diner for three years and her experience in the kitchen has now brought out the best in her cooking. Her customers say that Doña Alfonsa is an excellent cook because her recipes are traditional and have great flavor. She was very pleased at the time she requested her loan. Alfonsa wants to use the funds to buy supplies and ingredients such as vegetables, spices, meats, gas, and other items. She also hopes to increase her sales so that she can buy more tables to expand her business. With the profits she earns, Alfonsa will be able to continue investing in supplies, expand her business, and support her family with the household expenses.
La señora Alfonsa es integrante del grupo. Ella tiene 57 años, estudió la primaria y es cocinera. Tiene una cocina económica desde hace tres años, por su experiencia de cocinera ahora es las mejores que guisa. Sus clientes nos comentan que Doña Alfonsa es una excelente cocinera pues sus guisos son tradicionales y con gran sazón. Al momento de solicitar este préstamo se siente muy contenta. Quiere este prestamo para comprar insumos y materia prima como lo son verduras, especies, carnes, gas, etc. También espera que aumenten sus ventas y así poder comprar más mesas y así hacer más grande su negocio. Con las ganancias qeu obtenga seguira invirtiendo en insumos, ampliar su negocio y apoyar a su familia en los gastos economicos.
About CrediComunThis 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.
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Success!! The loan was 100% repaid