Orquideas Silvestre Group
Edali lives with her common-law husband who is a construction worker. They have three children: two sons and one daughter. Edali has been in the sales business for ten years. She tells us that she started out selling some products through a catalog, just in her district. She then started selling a wider variety of products in neighboring districts as well. She tells us that, through her sales, she is able to support her husband with their household expenses and is able to help pay for her children's education.
In the future, Edali would like to set up business premises so that she can make a little more income. She would like to use her loan to buy more merchandise such as shoes and cosmetics, so that she can offer a wider variety of products in her business and thereby be able to offer her customers everything they need. With the profits that she makes, she would like to continue investing and also saving so that she can offer her children a better quality of life.
(Note: the lady who can't be seen very well in the photo is called Maria).
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