This group is called "Mar de Cristal" (Crystal Sea). It is located in the state of Morelos in Mexico. This community is known for its archaeological zone and its pretty lagoon to one side of the town. The group is comprised of 10 members. María is the president of the group. She relies on a mill business that she started 2 years ago, which grinds the maiz for tortillas, cocoa, Chiles of different types, pumpkin seeds, and ingredients that are utilized in making mole (a classic Mexican dish). She is 50 years of age. She attended school up to 6th grade. She is married with 2 children; a young woman and a young man. Her clients like her because she treats them well and charges a fair price each time that they grind their products with her. At the moment that she requested the loan she feels happier because she is going to have greater income. Señora María wants this loan to repair her mill and maintain it, snce this service is expensive and she wants to take care of the quality and good operation of her tool of work. With the profits expects to pay the tuition of her son who is entering secondary school and to save for the education and feeding of her children.
Este grupo se llama "Mar de Cristal", está ubicado en el estado de Morelos en México, esta comunidad se distingue por su zona arqueológica y su bonita laguna a un costado del pueblo, el grupo esta conformado por 10 integrantes. María es la presidenta del grupo, ella cuenta con un molino negocio que inicio hace 2 años, en el cual muele el maiz para las tortillas, el cacao, chiles de diferentes especies, semillas de calabaza, ingredientes que se utilizan en la elaboracion del mole. Ella tiene 50 años de edad, estudio hasta el 6o año de de primaria, es casada, tiene en total 2 hijos una mujer y un varon, sus clientes la prefieren porque las trata bien ademas de que les cobra lo justo por cada vez que muelen sus productos con ella. Al momento de solicitar su préstamo se siente agusto por que va a tener mayores ingresos. La señora María quiere este préstamo para comprar una refaccion para su molino y darle mantenimiento ya que este servicio es caro y quiere cuidar la calidad y el buen funcionamiento de su herramienta de trabajo, con las ganancias espera pagar la inscripcion de su hijo que ingresara a la secundaria y ahorrar para la educación y alimentación de sus hijos..
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.