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Obreras De Nogales Group
In this Group: Maria Elena, Veronica, Anita, Elizabeth, Brianda, Maria Del Socorro, Maria De Jesus Alejandra, Rocio, Patricia, Cecilia, Elvia
This photo was taken in the home of Señora Patricia, a member of the group "Obreras de Nogales" ("Workers of Nogales"), which is located in the state of Veracruz in Mexico. She sells shoes, which she started doing 7 years ago. She is requesting a loan to invest in the purchase of shoes in different sizes and models. Her neighbors and companions in the group know her as a hard working and very enthusiastic person of good character. At the moment of applying for this loan, she feels happy for the opportunity to invest in her business.

Señora Patricia is 43 years old, is married and has a total of 2 children; a son and a daughter. She wants to save some of her profits for the education of her children and to support her husband with the household expenses.
View original language description ↓
Esta foto fue tomada en la casa de la señora Patricia un integrante del grupo "Obreras de Nogales", que esta ubicado en el estado de Veracruz en México. Ella se dedica a la venta de calzado que inicio hace 7 años. Solicita el prestamo para invertiren la compra del calzado de diferentes tallas y modelos. Sus vecinos y compañeras de grupo la conocen como una persona trabajadora y muy entusiasta de buen caracter. Al momento de solicitar este prestamo se siente contenta por la oportunidad de invertir en su negocio. La señora Patricia tiene 43 años estudio, es casada y tiene en total 2 hijos un varon y una mujer. Con las ganancias quiere ahorrar una parte para la educación de sus hijos y apoyar a su marido en los gastos de la casa.

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
  • 3
    View loans »
    Mexico Loans Fundraising
  • $17,325,200
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Obreras De Nogales Group's $4,325 loan helped a member to buy shoes in different sizes and models.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2011
Listed
Jul 6, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 30, 2011