Arcos De Miacatlan Group
Mayra is a member of the group. She is 33 years old and studied to pursue a business career as a secretary. Mayra works as a merchant and has two daughters. She sells clothing at her business which she started five years ago. Mayra is requesting a loan to buy stockings, socks, and a few school uniforms for children. Her customers prefer to do business with her because she delivers her merchandise to their homes. Upon requesting her loan, Mayra was pleased because she would be able to obtain merchandise before the school season started again. She also hopes to earn enough money to buy school supplies for her children since they can be expensive. Mayra wants her children to be prepared for the new school year. She says that it is very important that her children have an education because it will open opportunities for them to have a better life.
About CrediComunThis 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.
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Success!! The loan was 100% repaid