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Lluvia Dorada De Ixtlahuaca Group
In this Group: Silvia, Adriana, Argelia, Noemi, Irene, Rocio, Victorina, Norma Adriana, Liliana, Eusebia, Guadalupe
This group is called "Lluvia Dorada" (Golden Rain) and it is located in the State of Mexico. The local community is noted for its main business activities which are farming, livestock raising and selling fabrics and clothes.

This group has 11 members and this is the second time they have requested a loan. Irene is a member of the group. She is originally from this community and her business is selling groceries. Her customers prefer to buy from her because of the good customer service she provides and the kindness that she shows people. She would like this loan to buy canned goods, soft drinks and cleaning products. She says that her business allows her to get ahead in life and seek better financial stability. She makes efforts to do well, increase the size of her business and stock it with a greater variety of products. This enables her to continue investing so that her business grows gradually. Irene and her husband work hard to improve their family's financial situation.

n.b. The lady who is turned around in the picture is called Norma.
View original language description ↓
Este grupo se llama "Lluvia Dorada" y se ubica en el estado de México. La comunidad se distingue porque una de las actividades productivas que predominan en el lugar es el de la Agricultura, ganadería y comercio de telas, ropa. El grupo está conformado por 11 integrantes y es la segunda vez que solicita un prestamo. La señora Irene es integrante de este grupo. Ella es originaria de la comunidad se dedica a la venta de abarrotes; sus clietes la prefieren por su buen servicio y amabilidad que tiene con la gente. Quiere este prestamo para comprar enlatados, refrescos y productos de limpieza. Ella comenta que su negocio le permite salir adelante y buscar una mejor estabilidad economica con el esfuerzo de sobresalir hacer mas grande su negocio y meter mas variedad en sus productos. Esto le permite continuar inviertiendo para ir creciendo poco a poco, ya que con su esposo luchan para salir en su economia familiar. Observaciones la señora que salio volteada se llama Norma y la señora Victoria.

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
  • 1
    View loans »
    Mexico Loans Fundraising
  • $17,777,925
    Funds lent in using Kiva
  • 11.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Lluvia Dorada De Ixtlahuaca Group's $3,925 loan helped a member to buy canned goods, soft drinks and cleaning products.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 28, 2011
Listed
Jul 29, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 6, 2012