This group is called “Asucenas” and is located in Puebla, Mexico. The group is made up of nine people and this is their first loan request. Teresa is 59 years old and the group’s president. She has a third grade education and has a clothes selling business. Teresa does not have anybody dependent on her for support. She started her clothing business three years ago and sells in various locations. She is asking for this loan in order to buy blouses and skirts, since she gets many requests for different sizes, styles, and colors, and wants to be able to offer her customers a greater variety. She is very happy about the opportunity she gets from the communal bank and she will continue to invest into her business and support her children with their educations so that they can have professional careers. The woman who is not well visible in the photograph is named Julia.
Este grupo se llama "Asucenas". Está ubicado en Puebla en México. El grupo está conformado por 9 personas y es la primera vez que solicita un prestamo. Teresa es una integrante del grupo, ella tiene 59 años, es la presidenta del grupo, estudió hasta el tercer año de primaria, es comerciante de ropa, no cuenta con ningun dependiente economico. Ella se dedica a la venta de ropa en varias localidades que inició hace 3 años. Solicita el préstamo para la compra de blusas y faldas ya que le realizan muchos pedidos de diferentes tallas, modelos y colores y poder ofrecer un mejor surtido a sus clientas. Ella se siente muy feliz por la oportunidad que le brindan. Con las ganancias que obtenga seguira invirtiendo en su negocio y apoyar a sus hijos en su educación para que tengan una carrera profesional. Observaciones, la señora que no se ve bien en la foto se llama Julia.
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.