Ilusion 1 Group
Cecilia has had a grocery store for the past 10 years; she has used loans to increase her stock inventory. Her store is located a block from the town’s church so its main customers are residents of the area. She is asking for funds to increase her stock inventory and she is thrilled because her illusion, as the group name suggests, is to have a well-stocked store and be able to offer her customers all the products they ask for.
Ceilia is 36 years old and finished elementary school; she is single, but she supports her mother both economically and emotionally with her earnings from the store. At the beginning, her business was pretty complicated because the store that she now has in her home was originally somewhere else and she had to pay rent thereby decreasing her profits.
The remaining group members are:
Inés Álvarez M., Elvia B. R., Araceli García Q., Felicitas G. García, Marcelina M. Juárez, Ana Pérez M., Guadalupe Ramírez A., María Azucena R. P., Wendidalet Sánchez M. and María Leonor S. S..
Cecilia tiene 36 años y estudió la primaria, es soltera pero ella ayuda a su mamá económica y moralmente con lo que obtiene del negocio, el cual en un inicio fue complicado ya que la tienda que actualmente tiene en su domicilio primero la tuvo que establecer en otro lugar y pagar renta, por lo que las ganancias eran más limitadas.
Las demás integrantes del grupo son:
Inés Álvarez M., Elvia B. R., Araceli García Q., Felicitas G. García, Marcelina M. Juárez, Ana Pérez M., Guadalupe Ramírez A., María Azucena R. P., Wendidalet Sánchez M. y María Leonor S. S..
About CrediComunThis 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.
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