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La Presa 1 Group
In this Group: Luz Maria, Esthela Leticia, Nicolasa, Luisa, Victorina, Florencia, Perfecta, Teresa, Judith Araceli
This group is called “La Presa 1” (The Dam 1) and is located in the State of México. The town is noted for its beautiful festivals, for its hardworking, enterprising residents, for its vast, green fields and for the humility of each of its inhabitants. The group has nine members.

Luz is group President. She started her business five years ago consisting in catalogue clothing and shoe sales. She needs a loan to buy shoes and clothes in various sizes, styles and colors that her customers request from her because they place large orders and sometimes she does not have enough money to stock her business.

She is 42 years old and went up to elementary school. She stands out in town for being a person with a strong will to work, always wanting to provide her family with the best every day. She lives happily married and with one of her children who is 19 years old. She will use profits obtained to save up to continue to reinvest in her business so as not to feel pressured by the next orders she gets.
View original language description ↓
Este grupo se llama “LA PRESA 1” y se ubica en el Estado de México; el municipio se distingue por las bellas fiestas del pueblo por su gente trabajadora y emprendedora, por sus grandes campos verdes y la humildad en cada uno de sus habitantes. El grupo esta conformado por nueve integrantes. La señora Luz es la presidenta del grupo. Inició su negocio hace 5 años, el cual consiste en vender ropa y zapatos por catálogo, requiere el prestamo para comprar zapatos y ropa de distintas tallas, modelos y colores que le solicitan sus clientas, ya que le hacen grandes pedidos y aveces no tiene para dinero suficiente para surtir su negocio. Ella tiene 42 años, estudió hasta la primaria, en el pueblo se ha distinguido por ser una persona con muchas ganas de trabajar, siempre con el deseo de brindarle lo mejor a su familia cada dia, vive felizmente casada con uno de sus hijos 19 años de edad. Con las ganancias que obtenga quiere ahorrar para poder seguir invirtiendo en su negocio y no sentirse presionada con los siguientes pedidos que le hagan.

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

  • $15,600
    Average annual income
  • 14
    View loans »
    Mexico Loans Fundraising
  • $19,043,075
    Funds lent in using Kiva
  • 11.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Presa 1 Group's $2,000 loan helped a member to buy shoes and clothes in various sizes, styles and colors.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2011
Listed
Jul 26, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 6, 2012