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Libertadoras 1 Group
In this Group: Yolanda, Rosa Maria, Veronica Ambar, Maria Cristina, Claudia, Ivone, Florentina Griselda, Ma Isabel, Macrina
This group is called Libertadoras 1 because the name reflects the equality of mankind. It also shows that the women are free to obtain income of their own so they can provide a better standard of living for their families. The 9-member group is located in Mexico state.

24-year old Sra. Florentina has primary-level education and is a businesswoman. She has a daughter and two sons. She has run a tortilla-making business for about two years, and she would now like to obtain more capital to buy basic ingredients such as corn and some spare parts for her tortilla machine.

Florentina is excited about the loan because it means she can expand her business and start to earn more money so she and her family can have a better quality of life. Because of the high demand for her tortillas, in the future she wants to enlarge her stall and improve service.
View original language description ↓
Este grupo se llama "LIBERTADORAS 1" porque para el grupo el llamarse asi lo relacionan con la igualdad de generos y obtener sus propios ingresos para una mejor calidad de vida para sus familias. Esta ubicado en en el Estado de Mexico. El grupo esta conformado por 9 integrantes. La señora Florentina tiene 24 años, estudio hasta la primaria, es comerciante y tiene 3 hijos (una mujer y dos varones). Ella tiene una tortilleria desde hace aproximadamente 2 años, por lo cual piensa invertir en materia prima (maiz) y en algunas refacciones para su maquina de tortillas. Al solicitar el prestamo ella se siente entusiasmada ya que en base al prestamo piensa hacer crecer su negocio 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 en su tortilleria quiere más adelante ampliar su local y mejorar su servicio.

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
  • $17,540,000
    Funds lent in using Kiva
  • 11.8
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Libertadoras 1 Group's $2,850 loan helped a member to buy basic ingredients such as corn and some spare parts for her tortilla machine.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2011
Listed
Jul 21, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 30, 2011