This group is called 'Nueva Generación Tlahuelilpan' as its members feel that they form part of a new, emerging generation of entrepreneurial women who are in search of financial and personal improvement which will allow them to achieve a better quality of life. The group is located in the State of Hidalgo, in Mexico, and has ten members.
Soledad is a member of this group. She is 51 years old and only studied to elementary school level. She is a retailer and her main business activity is selling plants. Since she started out in this business six years ago, she has obtained good results and income which allows her to cover her needs. She also has the satisfaction of feeling productive. She tells us that the loans that she receives will be a very important driving force in enabling her to grow her business. She will invest this loan in buying a wider range of plants and flowers that her customers are requesting. She will also fill some orders that she currently has. Soledad has gained the trust of her customers by selling good-quality products and providing good customer service. As a result, her customers are always recommending her. With the profits that she makes, Soledad will support her husband with their family expenses and offer her family a better quality of life.
El grupo se llama "NUEVA GENERACION TLAHUELILPAN" ya que las integrantes se sienten parte de una nueva y latente generacion de mujeres emprendedoras que estan en busca de una superacion economica y personal que les permita obtener una mejor calidad de vida. El grupo esta ubicado en el estado de Hidalgo en Mexico. Esta conformado por 10 integrantes. La señora Soledad es integrante de este grupo, ella tiene 51 años de edad y solo estudio la primaria. Es comerciente y tiene como actividad principal la venta de plantas. Desde que inicio hace 6 años este negocio ha obtenido buenos resultados como un ingreso que le permite cubrir sus necesidades hasta la satisfaccion de sentirse una persona productiva. Ella comenta que los prestamos que le otorguen serán un importante impulso para poder hacer crecer su negocio. Con el prestamo que le otorguen va a invertirlo en mas variedad de plantas y flores que le solicitan sus clientes y pedidos que ya tienen realizados. Ha generado confianza entre sus clientes ofreciendo productos de calidad y un buen servicio por lo que siempre la recomiendan. Con las ganancias que obtenga lo utilizara para apoyar a su esposo en los gastos familiares y para ofrecerle 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.