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Chayito Group
In this Group: Carmen, Marcelina, Ma Del Carmen, Isabel, Veronica, Leticia, Araceli, Guadalupe, Celia, Maria Pueblito
This group is called "CHAYITO" because at the time it was set up the members were Olympic games enthusiasts and they wanted to name themselves after one of the participating athletes. The group is based in the state of México and comprised of 11 members. Mrs. María is the president. She is 41 and sells cosmetics and is a seamstress. On this occasion she is requesting a loan to buy more products to sell and raw materials for her dress-making. She wants to pay lower prices, help meet her customers' needs and also acquire more prestige to expand her business.

She plans to use the loan to buy fabric, thread and cosmetics. She is happy about the loan because she feels supported. With her earnings she will continue to invest in merchandise and also help cover household expenses. Observations: In the photo, the lady in the blue sweater is the sister of one of the group members who did not want to appear in the picture.
View original language description ↓
Este grupo se llama "Chayito", porque en el momento de crear el grupo estaban entusiasmadas por las olimpiadas donde participaban algunos connacionales y le pusieron el nombre de una de las participantes. El grupo se encuentra ubicado en el estado de México. El grupo esta conformado por 11 integrantes. La señora Maria es la presidenta del grupo. Tiene 41 años de edad, se dedica a la venta de cosmeticos y costuras. En esta ocasion solicita el prestamo para invertir y así adquirir un mayor numero de productos y materias primas para su venta y fafricacion de sus costuras en un precio más economico y poder solventar las necesidades de sus clientes y al mismo tiempo adquirir un mayor prestijio y poder expander su negocio. Con el prestamo va a comprar tela, hilos y cosmeticos para su negocio. Al solicitar este prestamo se siente muy contenta ya que se siente apoyada.Con las ganancias seguira invirtiendo en más mercancia y también para apoyar en su hogar con los gastos economicos. Observaciones La señora que aparece en la foto y no forma parte del grupo tiene sueter azul con una bolsa negra, es hermana de una de las integrantes que quizo salir en la foto.

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

  • $15,600
    Average annual income
  • 38
    View loans »
    Mexico Loans Fundraising
  • $19,077,825
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Chayito Group's $3,250 loan helped a member to buy fabric, thread and cosmetics for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2011
Listed
Jun 14, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 1, 2011