Mujeres De Valor Group
Sra. Carmen is one of the members who has a great deal of business experience. She is 63 years old and the mother of five children. Carmen says that she has always lived a nice life, but things get a little more complicated when it comes to the finances. Her husband has always worked on a farm, so they depend solely on the crops he produces. On a few occasions, they have had barely enough to eat so she decided to help her husband with supporting their children by contributing toward the household income.
Carmen is requesting a loan to buy more merchandise for her grocery store so that she can offer her customers more of the products that they need. She has been in business for 20 years and is very pleased. In addition to managing her business, she strives to provide for the education of her children so that they can achieve their dreams.
The woman in the photo who cannot be seen clearly is Sra. Leticia.
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