Las Catitas Group
Catalina is one of the members of the group. She is 48 years old and did not attend school. She has a business selling tortillas which she set up three years ago. Catalina has six children: two daughters and four sons. She is requesting this loan to buy corn and cornmeal for making tortillas. Her business is permanent as she has customers who come to her home to buy tortillas from her every day. At the time of requesting this loan, she feels happy to have the opportunity to continue investing and to buy in large quantities since this means she will receive her goods at better prices. With the profits she makes, she would like to save up to build business premises so that she can proviD. a better service. She would also like to support her children and proviD. them with a professional career so that they can enjoy a better future, and support her husband with their family's expenses.
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