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Capuchino Group
In this Group: Virginia, Matilde*, Salustia, Ana Lilia, Yolanda, Ma Isabel, Eulogia, Hilda, Francisca, Reina, Lucia, Susana, Maria Eugenia
* not pictured
The group "CAPUCHINO" is located in the state of Morelos where the majority of the population is engaged in the cultivation of sorghum (an uncommon cereal).

One of the members of this group is Señora FRANCISCA who is 49 years old. She is married, and her husband is a farmer. Señora Francisca decided to start her own business to support her husband. Because they couldn't afford money for expenses and agriculture takes too long, she started her grocery store. She is asking for the loan to buy merchandise such as cleaning products, food and beverages. This will allow her to increase her inventory, and as her customers request a variety of products, to be able to meet their needs. She wants to continue investing in her business with the goal of a better life for her family and a decent and peaceful future for both her ​​and her husband; they do not want to rely on their children.

Note, the ladies who are hard to see are called Reina and Maria.
View original language description ↓
El grupo “CAPUCHINO” está ubicado en el estado de Morelos en donde la mayoría de la población se dedica al cultivo de sorgo (cereal poco comun ).

Una de las integrantes de este grupo es la señora FRANCISCA quien tiene 49 años de edad, es casada su esposo es campesino, la señora Francisca decidio poner su propio negocio para apoyar a su esposo ya que no alcanza el dinero para los gastos y el cultivo tarda mucho tiempo en realizarlo, ella se dedica a su tienda de abarrotes, solicita el prestamo para comprar mercancia como productos de limpieza, alimentos y bebidas y así incrementar su inventario ya que sus clientes le solicitan variedad de productos para satisfacer sus necesidades, ella quiere seguir invirtiendo en su negocio con el objetivo de lograr un mejor nivel de vida para su familia y tener un futuro decoroso y tranquilo tanto para ella como para su esposo, ya que no desean depender de sus hijos.

Observaciones, las señoras que no se ven bien se llaman reina y Maria.

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

  • $11,249
    Average annual income
  • 3
    View loans »
    Mexico Loans Fundraising
  • $17,325,200
    Funds lent in using Kiva
  • 12.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Capuchino Group's $4,700 loan helped a member to buy merchandise such as cleaning products, food and drinks.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2011
Listed
Jun 22, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011