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Las Coquetas 1 Group
In this Group: Adaly, Maria Antonieta, Sofia, Valeria, Silvia, Teresa, Leticia, Maria Del Carmen, Noreli, Francisca, Oralia, Yajaira, Santa*, Javier
* not pictured
This group is called "Coquetas 1" (Coquettes 1) and is located in the state of Morelos in Mexico. This community stands out for their hacienda; their aquaduct, which was important in the colonial era because it supplied the village with water; and their famous festival, where people from different areas come together to celebrate the patron saint of the village on the 30th August.

This group is made up of fourteen members and this is the first time they have applied for a loan. Maria, a member of this group, has worked selling perfumes and napkins for seven years. She is applying for a loan to purchase perfumes and linen napkins. Maria is 63 years old and studied up until Year 9 of high school. She is divorced and has four children, two girls and two boys. At the time of applying for the loan she felt happy because she will be able to have a greater variety of perfumes. She also hopes that with her income she will be able to begin work on the foundations of the wall of her house.
View original language description ↓
Este grupo se llama las "Coquetas 1" y se ubica en el estado de Morelos, en Mexico. Esta comunidad se distingue por su Hacienda y un acueducto importante en la epoca colonial porque abastecia de agua al pueblo, y tambien por su fiesta celebre que es el 30 de agosto donde llega gente de diferentes lugares a celebrar juntos al santo patrón del pueblo, el grupo esta conformado por 14 integrantes y es la primera vez que solicitan un prestamo. María es integrante del grupo, ella se dedica a la venta de perfumes y servilletas, negocio que inicio hace 7 años, solicita el prestamo para comprar perfumes y sevilletas de tela. Ella tiene 63 años, estudio hasta el terecer año de secundaria, es divorciada y tiene en total 4 hijos 2 mujeres y 2 varones, al momento de solicitar el prestamo se siente contenta porque podra tener mas variedad de perfumes, tambien espera con las ganancias empezar los cimientos de la barda de su casa.

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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $18,365,750
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Coquetas 1 Group's $4,125 loan helped a member to purchase perfume and linen napkins.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 28, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 30, 2011