This communal bank is called "La Campanita" (The Little Bell). It is located in the State of Mexico. The group is of made up of ten members. Sra. Angela is a member of the group. She attended primary school and is a homemaker. She has 3 children, two daughters and one son. For the last three years, she has made her living raising and selling chickens, and for the last year and a half she has raised chickens. She tells us that thanks to what she has invested in her chicken business, she was able to start building a house, which is not yet finished. She hopes that with the loan she will be able to invest more, since this is the season for high sales. Sra. Angela makes her sales within her community and some people come from nearby communities to purchase from her in her home. Sra. Angela says that the success of her business is due to the good prices she offers and because she always tries to have a sufficient quantity of chickens on hand so as to not make a bad impression on her customers. Sra. Angela is requesting the loan to purchase corn and feed for the chickens. At the time that she requested the loan, Sra. Angela was feeling excited. She plans to offer her daughters the education that she never had so they can have a better quality of life and be self-sufficient.
ESTE GRUPO SE LLAMA "LA CAMPANITA"; ESTA UBICADO EN EL ESTADO DE MÉXICO. EL GRUPO ESTA CONFORMADO POR DIEZ INTEGRANTES. LA SEÑORA ANGELA ES INTEGRANTE DEL GRUPO, ESTUDIO LA PRIMARIA; ES AMA DE CASA Y TIENE 3 HIJOS DOS NIÑAS Y UN NIÑO. DESDE HACE TRES AÑOS SE DEDICA A LA CRÍA Y VENTA DE POLLOS Y DESDE HACE UN AÑO Y MEDIO SE DEDICA A LA CRIA DE POLLOS, NOS COMENTA QUE GRACIAS A QUE HA INVERTIDO EN EL NEGOCIO DE LOS POLLOS ELLA CONTRUYO SU CASA LA CUAL TODAVIA NO TERMINA. ELLA ESPERA CON EL PRESTAMO PODER INVERTIR MAS YA QUE EN ESTA TEMPORADA ES CUANDO TIENE MAS VENTAS. ANGELA REALIZA SUS VENTAS DENTRO DE LA COMUNIDAD Y VAN PERSONAS DE LAS COMUNIDADES CERCANAS A COMPRARLE TAMBIEN EN SU DOMICILIO, ELLA DICE QUE EL EXITO DE SU NEGOCIO SE DEBE A QUE DA A BUEN PRECIO Y SIEMPRE TRATA DE TENER UNA CANTIDAD SUFICIENTE PARA NO QUEDARLE MAL A SUS CLIENTES. ELLA SOLICITA EL PRESTAMO PARA COMPRAR MAYAS Y ALIMENTO PARA LOS POLLOS. AL MOMENTO DE SOLICITAR ESTE PRESTAMO SE SIENTE EMOCIONADA Y TIENE PLANEADO BRINDARLES A SUS HIJAS LOS ESTUDIOS QUE ELLA NO TUVO PARA QUE TENGAN UNA MEJOR CALIDAD DE VIDA Y PUEDAN VALERSE POR SI MISMAS.
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.