This group is called "Union Obregon" because this is the name of the colony where they are located. It is in the Morelos state in Mexico. The group is made up of 8 members and this is the fourth time that they request a loan. Fabiola is a member of the group. She is 26 years old, attended through the third year of high school and is a merchant. She has 3 children, one girl and two boys. She sells umbrellas, a business that she started 6 years ago. She is requesting this loan to buy more umbrellas at wholesale, this way getting better pricing and different styles, sizes and colors. Since it is the rainy season, this is when she has the best sales. Her customers are happy because she provides a good variety of umbrellas and also reasonable prices. At the time of the loan request, she feels happy to be able to invest in her business. She wants the loan to buy merchandise and she will use the income that she obtains to enroll her children in school.
Este grupo se llama "Union Obregon" porque asi se llama la colonia donde esta el grupo, esta ubicado en el estado de Morelos en Mexico, el grupo esta conformado por 8 integrantes y es la cuarta vez que solicitan un prestamo. Fabiola es integrante del grupo, tiene 26 años, estudio hasta el tercer año de secundaria, es comerciante, tiene en total 3 hijos una mujer y 2 varones, ella se dedica a la venta de parguas, negocio que inicio hace 6 años, solicita este prestamo para comprar más paraguas por mayoreo para que le den mejor precio y de diferentes modelos, tamaños y colores ya que es la temporada de lluvias y es cuando tiene mayores ventas, sus clientes se sienten contentos porque con ella encuentran una gran variedad en paraguas, ademas de los precios accesibles que les brinda, al momento de solicitar el prestamo se siente contenta porque tendra la oportunidad de invertir en su negocio, quiere este prestamo para comprar mercancia, con las ganancias que obtenga pagara las inscripciones de la escuela 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.