This group is called “Francisco I. Madero”, the name of the street where the group meets in the state of Morelos, Mexico. The group is composed of 10 members and this is the 3rd time they have solicited a loan.
Cristina is the group's treasurer. She is 38 years old and studied up to the 3rd year of secondary school. Cristina is a silk-screen printer and has 3 children (1 female and 2 males). She has been in the silk-screen printing business for 4 years. Cristina is soliciting this loan to buy an industrial sewing machine so she can embroider caps, banners, or school logos.
Cristina feels content because she will have more work and the opportunity to better her business. With the earnings she will obtain, Cristina hopes to remodel her house and proviD. a better quality of life for her family, plus education so that her children can get ahead.
Observation: the woman you don't see in the photo is called Mirian.
Este grupo se llama "Francisco I Madero" porque así se llama la calle donD. se reúne el grupo, esta ubicado en el estado D. Morelos en México, el grupo esta conformado por 10 integrantes y es la tercera vez que solicitan un prestamo. Cristina es la tesorera del grupo, tiene 38 años, estudio hasta el tercer año D. secundaria, es serigrafista, tiene en total 3 hijos (1 mujer y 2 varones), ella se dedica a la serigrafía negocio que inicio hace 4 años, solicita el préstamo para comprar una maquina D. coser industrial con la que podra bordar gorras, banderines, logotipos para las escuelas. Al momento D. solicitar el prestamo se siente contenta porque tendrá mas trabajo y la oportunidad D. mejorar su negocio. Con las ganancias que obtenga espera arreglar su casa para ofrecerle una mejor calidad D. vida a su familia así como educación para que puedan salir adelante. Observaciones, la señora que no se ve en la foto se llama Mirian.
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.