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La Luna 2 Group
In this Group: Tania, Leticia, Marcelina, Veronica, Rosalba, Juana, Juana Epigmenia, Araceli, Lourdes
This group is called "La Luna 2" ("The Moon 2"), because they are located on a hillside and from there you can clearly see the moon which so enchants them. Señora Veronica is the treasurer of the group. She is 33 years old and has studied up to the sixth year of primary school. She works in creating craftwork such as embroidered tablecloths and napkins, a business which she started 5 years ago. She has 2 children, one aged 15 and one aged 13.

She is requesting the loan to reinvest in her business, because they are approaching the time of the village festival which is when she sells most of her creations. At the time of applying for this loan she feels enthusiastic, and that she will be able to invest in fabrics, yarns, needles, hooks and patterns for the images she features on her tablecloths. With this plan she will make plenty of articles to sell at the festival; with the profits obtained she wants to make her business bigger and she will use part of these profits for the education of her children.
View original language description ↓
ESTE GRUPO SE LLAMA "LA LUNA 2", PORQUE ESTA UBICADO EN EL CERRO Y DESDE AHI SE PUEDE APRECIAR PERFECTAMENTE LA LUNA LO CUAL LES ENCANTA. LA SEÑORA VERONICA ES LA TESORERA DEL GRUPO, TIENE 33 AÑOS DE EDAD, ESTUDIO HASTA SEXTO AÑO DE PRIMARIA, SE DEDICA A LA ELABORACION DE ARTESANIAS COMO MANTELES Y SERVILLETAS BORDADAS, NEGOCIO QUE INICIO DESDE HACE 5 AÑOS. TIENE 2 HIJOS, UNO DE 15 Y 13 AÑOS DE EDAD. SOLICITA EL PRESTAMO PARA REINVERTIR EN SU NEGOCIO YA QUE SE APROXIMA LA FERIA DEL PUEBLO Y ES CUANDO VENDE GRAN PARTE DE SUS CREACIONES. AL MOMENTO DE SOLICITAR ESTE PRESTAMO SE SIENTE ENTUSIASMADA YA QUE PODRA INVERTIR EN TELAS, HILOS, AHUJAS, GANCHOS Y PLANTILLAS PARA LAS FIGURAS QUE PLASMARA EN SUS MANTELES; CON ESTO PLANEA HACER BASTANTES ARTICULOS PARA VENDER EN LA FERIA; CON LAS GANANCIAS OBTENIDAS QUIERE HACER MAS GRANDE SU NEGOCIO Y UTILIZARA PARTE DE ESTAS GANANCIAS PARA LA EDUCACION DE SUS HIJOS.

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
  • 10
    View loans »
    Mexico Loans Fundraising
  • $18,118,725
    Funds lent in using Kiva
  • 11.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Luna 2 Group's $2,200 loan helped a member to invest in fabrics, yarns, needles, hooks and patterns.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2011
Listed
Jun 27, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 30, 2011