Los Barrios Group
The group President is María, 38. She completed secondary school. She’s a merchant. She has a total of four children, two boys and two girls. She makes tortillas, a business she started over five years ago. She asked for the loan to be able to buy more corn and masa (tortilla dough) to make her tortillas. At the moment of requesting the loan she feels happy because thanks to the loan she’ll be able to get raw materials at wholesale which means more economically and so will be able to sell more and generate higher profits to continue investing in her products every day since this is something she does daily so that it will be fresh and up-to-date. Her customers speak very well of her because they comment that she’s very hygienic aside from offering very kind customer service.
She hopes to be able to successfully raise her children to give them a better future and schooling so that they will reach their dreams and be great professionals since she was unable to do so.
Observation: the name of the woman in the rear that isn’t clearly visible is Rosa.
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