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El Fresnito Group
In this Group: Karina, Rosario Ma Del Carmen, Adelia, Nancy Dolores, Estela, Gloria, Cristina, Gabriela, Ma Guadalupe
This group is called, “El Fresnito,” and is named after the community where it’s located. It is located in the state of México. The group has 9 members. Señora Adelia is one of the members. She studied through primary school in her community. She is a seamstress in her town. She has 2 children (one boy and one girl). She has had her business for several years, and she will invest her loan in supplies like thread, needles, and fabric. Her customers say that her merchandise is very pretty since she decorates it with a lot of creativity, and it is high quality. With the money she makes, she wants to save for her children’s education since she wants them to have a career and a better future. She also wants to support her family’s living costs so they will have a better quality of life.
View original language description ↓
El grupo se llama "EL FRESNITO", ya que en la comunidad que viven lleva este nombre. Esta ubicado en el Estado de México. El grupo esta conformado por nueve integrantes. La señora Adelia es una integrante del grupo. Ella estudio hasta la primaria en su comunidad. La señora se dedica a la elaboracion de costuras en su localidad. Tiene dos hijos (una niña y un niño).La señora se dedica a la elaboracion y venta de costuras desde hace varios años y solicita el prestamo para invertir en la mercancia como hilos, agujas y tela. Sus clientas dicen que su mercancia es muy bonita ya que las decora con mucho ingenio y de muy buena calidad. Con las ganancias que obtenga quiere ahorrar para la educación de sus hijos ya que desea que tengan una carrera y un mejor futuro, también para apoyar en los gastos de su familia para una mejor calidad de vida.

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
  • 7
    View loans »
    Mexico Loans Fundraising
  • $17,362,500
    Funds lent in using Kiva
  • 11.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Fresnito Group's $3,525 loan helped a member to invest in merchandise like thread, needles, and fabric.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 9, 2011
Listed
Jun 30, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2011