Esmeralda De San Pedro Group
Señora Angelica is one of the members of the group. She is 41 years old, and has studied up to secondary level. She is a business woman, and has a total of 4 children (2 male and 2 female). She works repairing and selling household appliances and white goods, which she started doing 21 years ago. She is requesting the loan to buy spare parts for white goods. So far her clients are happy with the service that the Señora provides, plus the business is situated in a central location.
At the time of applying for this loan, she feels happy and motivated to continue investing. She wants this loan to be able to invest it in spare parts for white goods, for the maintenance and care of her merchandise. In the future, she has plans to get to work with industrial equipment and to be able to strengthen her business, so as to be able to proviD. employment and train young people who have a desire to get ahead. She also wants to save money for the education of her children, and sees them as future professionals.
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