This group is named "Xocotitlan", since this is the name of the town where it is and its members are proud of it. It is in the state of Mexico. This is a place of opportunity since people from different communities visit the town. The group is made up of 9 people. The treasurer of this group is named Ana, and she has 2 children. She studied through high school and is married. She sells groceries and has a small grocery store. She has asked for the loan to buy items such as sodas, juice, and soap, among others. She has had an increase in sales because she offers good service and has earned the friendship and preference of the residents of her community. At this time, she feels satisfied by her group's hard work and because together with her husband she is going to keep working to give their children a good future and a base for them to be independent and have professional careers.
Este grupo se llama "Xocotitlan" ya que ese es el nombre del municipio en el que habitan y se sienten orgullosas, esta ubicado en el estado de México. Es un lugar de oportunidades ya que al ser municipio hay visita de personas de diferentes comunidades. El grupo esta conformado por 9 personas. La tesorera del grupo se llama Ana tiene 2 hijos estudio hasta la Secundaria, es casada, se dedica a la venta de abarrotes y tiene un negocio establecido de abarrotes. El prestamo lo solicitá para la compra de articulos como lo son (refrescos, jugos, jabon entre otros), ya que ha tenido un incremento en sus ventas gracias al buen servicio que brinda se ha ganado la amistad y preferensia de sus vecinos de la comunidad. Al momento de solicitar el prestamo se siente satisfecha por el buen desempeño de su grupo y porque en conjunto con su esposo van a seguir trabajando para darle a sus hijos un buen futuro y una base para que ellos puedan ser independientes y logren una carrera profesional.
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.