The name of this group is “Trébol de la Suerte" (Lucky Clover). The group is from the Mexican state of Morelos, a place renowned for the mild climate characterizing the most part of the year, and for its farms, once important businesses in colonization times, that were and still are engaged in growing sugar cane, the state’s main economic activity to today. The group is composed of 8 people, and it is the fourth time they are requesting a loan. Soccorro is a member of the group: she is 58, she is a retailer, she completed the 6th grade, and she has 8 children, 5 daughters and 3 sons. She engages in selling fruits and vegetables, an activity she started 2 years ago, and she is requesting a loan to buy courgettes, string beans, chili peppers and tomatoes. Her customers choose her because they always find what they are looking for. She is happy about asking for a loan because she will thus have a wider variety of products. Her future incomes will be used to repair her house in order to offer better living conditions to her children.
Este grupo se llama "Trébol de la Suerte" y se ubica en el estado de Morelos en México. Esta comunidad se distingue por su clima templado que predomina en la mayor época del año, y sus ex-haciendas que fueron importantes asentamientos en la época de la colonia y se dedicaban al cultivo de la caña de azúcar, principal actividad económica del estado, aún en la actualidad. El grupo esta conformado por 8 integrantes y es la cuarta vez que solicitan un prestamo. Socorro es integrante del grupo, tiene 58 años, estudio hasta el sexto año de primaria, es comerciante, tiene en total 8 hijos 5 mujeres y 3 varones, ella se dedica a la venta de frutas y verduras negocio que inico hace 2 años, solicita el prestamo para comprar calabacitas, ejotes, chiles, tomates etc. Sus clientes la prefieren porque siempre encuentran lo que necesitan, al momento de solicitar el prestamo se siente contenta porque tendra mayor variedad de productos. Con las ganacias que obtenga quiere arreglar su casa para darles una mejor vida a 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.