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Iturbide Group
In this Group: Leticia Angelica, Maria Felix, Jesus, Leticia, Yareli, Erica Yadira*, Eloisa, Lorena, Elva
* not pictured
This group is called IturbiD., because that is the name of the street where the group meets. It is located in the state of Morelos in México. The group has nine members and this is the second time they are requesting a loan.

María is the treasurer of the group. She is 48 years old, went to school until the 5th year of primary school, lives in a common-law marriage, and has three children (two sons and a daughter). She works selling homemaD. food, a business she started 22 years ago.

She is asking for this loan to expand her business. She wants to purchase more merchandise such as goods and supplies, sodas, and juices. Her customers prefer her because her food has good flavor. She feels happy to apply for this loan. With the income she earns, she hopes to support her daughter who is finishing school so that she can continue studying and have a better life.

The people that you don't see well in the photo are Lorena and Jesus.
View original language description ↓
Este grupo se llama "IturbiD.", porque así se llama L. calle donD. se reúne el grupo. Está ubicado en el estado D. Morelos, en México. El grupo está conformado por 9 integrantes y es L. segunda vez que solicitan un prestamo. María es L. tesorera del grupo. Tiene 48 años, estudió hasta el quinto año D. primaria, vive en unión libre y tiene en total 3 hijos (2 varones y una mujer). ElL. se dedica a L. venta D. comida casera, negocio que inició hace 22 años. Solicita el préstamo para ampliar su negocio y piensa invertirlo en comprar más mercancía como insumos, refrescos y jugos. Sus clientes L. prefieren porque tiene buen sazón al preparar sus comidas. Al momento D. solicitar este préstamo se siente contenta. Con las ganancias obtenidas también espera apoyar a su hija que término L. escueL. para que continue estuniando y tenga una mejor vida. Observaciones, las personas que no se ven bien en L. foto son: Lorena y Jesus.

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
  • 8
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Iturbide Group's $3,400 loan helped a member to purchase more merchandise such as goods and supplies, soda, and juices.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 1, 2011
Listed
Jul 17, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 30, 2011