This group’s name is “Magicas” (The Magic Ladies), and it is located in the state of Morelos, a community famous for its inhabitants mainly engaging in growing onions. This group is composed of 8 members, engaged in selling stationery. Maria is one of the members, and she is the group’s treasurer. She is requesting a loan to invest it in her stationary’s shop by buying items such as notebooks, pens, paper and so on. She has been running her stationary’s shop for 7 years and she has gained many customers, who choose her for the variety of items she sells. She said she has improved the economic standard of her family. One of her dreams is for her daughters, aged 20, 14 and 6, to have a job in the future and the chance to enjoy a better standard of living; she also wants to support her husband, who is currently working for a construction company.
Este grupo se llama “MAGICAS” se encuentra ubicado en el Estado de Morelos. Poblado que se caracteriza porque la mayoría de sus habitantes se dedican al cultivo de cebolla, este grupo está conformado por 8 integrantes, quienes se dedican a la venta de papelería. Una de las integrantes es la señora MARIA quien es la tesorera del grupo, ella quiere el prestamo para invertirlo en su papelería con articulos como cuadernos, plumas, papel etc. la cual tiene una antiguedad de 7 años y ha logrado muchos clientes que la prefieren por su variedad en ventas, comenta que ha mejorado su nivel económico y familiar, uno de sus anhelos es el que sus hijas de 20, 14 y 6 años, tengan una profesión a futuro y la oportunidad de tener una mejor calidad de vida, así como apoyar a su esposo quien actualmente es empleado en una constructora.
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.