This communal bank is named “Channel” it is maD. up of 10 people and located in Puebla, México. Mrs. Ma D. los Angeles is a member; she is 44 years old, studied up to first graD. and is a salesperson. She works selling doughnuts and wraps in her neighborhood outsiD. of schools and in other places. Mrs. Ma D. los Angeles is married and has been in this traD. for 4 years. She needs the loan to buy supplies like sugar, milk, wheat flour, eggs and other items to make her products, and to buy in greater quantities to have better prices. She has had a lot of demand for her goods and is thinking of hiring someone to help her give better service to her customers. At the time of asking for the loan she is even more optimistic about getting ahead as well as being very happy for the opportunity of receiving this loan to give her family a better quality of life and to help meet the household expenses.
Este grupo se llama "CHANNEL". Está ubicado en Puebla, en México. El grupo está conformado por 10 integrantes. La señora Ma D. los Angeles es integrante del grupo, ella tiene 44 (años), estudió hasta el primer año D. primaria y es comerciante. Ella elabora y venD. donas y empanadas en su comunidad afuera D. las escuelas y en diferentes lugares, es casada , inicio el negocio hace 4 años. Solicita el préstamo para la compra D. insumos como (azucar, leche, harina D. trigo y huevos etc.) para la elaboración D. su producto y así comprar en cantidades más grandes y a mejor precio, ya que ha tenido mucha demanda y tiene pensado contrar a una persona que le ayuD. para brindar un mejor servicio. Al momento D. solicitar este préstamo se siente con mas animos D. seguir adelante y muy contenta por la oportunidad D. adquirir este prestamo para brindarle a su familia una mejor calidad D. vida y apoyar en los gastos familiares.
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.