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Las Amigas De San Ildefonso Group
In this Group: Maria De Lourdes, Leticia, Gabriela, Francisca, Rosaura, Guadalupe, Harlem Lisset, Gabriela*, Emilia, Alejandra
* not pictured
This group is called "Las Amigas de San Idelfonso" because, as the name indicates, all the members have become great friends during the time that they've worked together. To them, a "friend" is someone who is there in good times and in bad. They are located in Hidalgo, Mexico. The group is made up of 10 members.

Leticia, 28, is one group member. She studied until high school. She is a merchant and has 3 children (1 girl and 2 boys). She has been selling crafts (decorations made with a breadcrumb paste) for 6 years. She asks for a loan to invest in merchandise and help her business to grow. She wants to buy basic materials like white breadcrumbs, glue, glycerine, paints for dyeing, etc. She is excited because she thinks that making a bigger investment will begin to help her to make more money, which will allow her and her family a better quality of life. She feels a great need to rent a store where she can formalize her business and provide better service to her customers.
View original language description ↓
Este grupo se llama "LAS AMIGAS DE SAN IDELFONSO" porque como su nombre lo indica, ha nacido una gran amistad entre todas sus integrantes a lo largo que han trabajado juntas, ya que para ellas un “amigo”, es aquel que esta en las buenas y en las malas. Esta ubicado en Hidalgo en México. El grupo esta conformado por 10 integrantes. La señora Leticia es integrante del grupo, tiene 28 años, estudio hasta la secundaria, es comerciante y tiene 3 hijos (1 mujer y 2 varones). Ella se dedica a la venta de manualidades (adornos de migajon) desde hace 6 años. Solicita el prestamo para invertir en mercancia y de esta forma hacer crecer su negocio. Solicita el prestamo para comprar materia prima como miga de plan blanco, pegamento, glicerina, pinturas para teñis, etc. Ella se siente entusiasmada ya que piensa hacer mayores inversiones, y de esta forma comenzar a tener mas ganancias que le permitan tener una mejor calidad de vida a ella y a toda su familia, debido a la gran demanda que tiene piensa rentar un local que le de mayor formalidad a su negocio y una mejor atencion a sus clientes.

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
  • 15
    View loans »
    Mexico Loans Fundraising
  • $17,728,850
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Amigas De San Ildefonso Group's $3,475 loan helped a member to buy input materials like white bread crumbs, glue, glycerine, paints for dyeing, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 17, 2011
Listed
Jul 18, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 30, 2011