This group is called "Quetzalcoatl X," because this is name of the place where they live. They are located in the state of Puebla, Mexico. The group has 12 members and this is the first time that they have requested a loan. Patricia is a member of the group . She has a business selling traditional Mexican snacks (tostadas, chalupas, memelitas (a corn dough tart), and grilled corn.) She is 36 years old, married, and has two children who are in elementary school. She is a native of her community, and needs a loan to invest in supplies such as corn, tostadas, cream, mayonnaise, and vegetables at wholesale. In this way she can increase her earnings. With the earnings she gets, she will continue to invest in her business and in this way support her family and the household expenses so that she can provide them with a better quality of life.
ESTE GRUPO SE LLAMA "QUETZALCOATL X", POR QUE ES EL NOMBRE DEL LUGAR DONDE VIVEN. EL GRUPO SE LOCALIZA EN EL ESTADO DE PUEBLA EN MÉXICO. ESTA FORMADO POR 12 PERSONAS Y ES LA PRIMERA VEZ QUE SOLICITAN UN PRESTAMO LA SEÑORA PATRICIA ES INTEGRANTE DEL GRUPO, SE DEDICA A LA VENTA DE ANTOJITOS TIPICOS MEXICANOS, (TOSTADAS, CHALUPAS, MEMELITAS, ELOTES PREPARADOS. ELLA TIENE 35 AÑOS, ES CASADA Y TIENE DOS HIJOS QUE ESTUDIAN LA PRIMARIA, ES ORIGINARIA DE SU COMUNIDAD Y REQUIERE SU PRESTAMO PARA INVERTIR EN INSUMOS COMO ELOTES, TOSTADAS, CREMAS, MAYONESA Y VERDURA POR MAYOREO Y ASI INCREMENTAR SUS GANANCIAS. CON LAS GANANCIAS QUE OBTENGA LAS SEGUIRA INVIRTIENDO EN SU NEGOCIO Y ASÍ APOYAR A SU FAMILIA EN LOS GASTOS DE LA CASA PARA BRINDARLES UNA MEJOR CALIDAD DE VIDA.
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.