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Asuncion Group
In this Group: Amelia, Edith, Rosalba, Agustina, Alejandra, Mayola*, Jessica, Fabiola, Maria Guadalupe
* not pictured
The Asuncion group is located in the state of Mexico. The group is comprised of nine members. Mayola is a member who is a originally from the area. She is 35 years old, and she has been married for 18 years. She has three children (two boys and a girl). She has been selling lingerie for five years. She decided to start her business in order to help her husband cover some household expenses because his income is low.

Her greatest desire is for her children to have a better quality of life and that they finish their university studies. That is the reason she looks for work alternatives in order to be able to give them a better life.

She will use the loan that she gets to better stock her merchandise. That way she has the opportunity to buy larger quantities for a better price. Then she will get more income in order for her business to grow and for the quality of life.
View original language description ↓
El grupo se llama la "Asuncion" esta ubicado en el estado de México. El grupo esta conformado por nueve integrantes, entre ellas se encuentra la señora Mayola originaria de la localidad. Ella tiene 35 años de edad, esta casada desde hace 18 años, tiene 3 hijos (dos hombres y una mujer) vende lenceria desde hace cinco años, decidio iniciar su negocio para ayudar a su esposo a cubrir algunos gastos de la casa ya que los ingresos son bajos, su mayor anhelo es que sus hijos tengan un mejor calidad de vida y terminen una carrera universitaria por esta razón busca alternativas de trabajo para poder darles una mejor vida, con el prestamo que le otorguen lo utilizará para surtir mejor su mercancia ya que así tiene la oportunidad de comprar en cantidades mayores y con un mejor precio logrando tener más ganancias para el crecimiento de su negocio y la calidad de vida.

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
  • 4
    View loans »
    Mexico Loans Fundraising
  • $17,310,650
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Asuncion Group's $3,125 loan helped a member to buy lingerie for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2011
Listed
Jun 10, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2011