This photo was taken in the home of Margarita I., a member of the "Citlaltepec" group, located in the city of Orizaba in the state of Veracruz, México. The members of the group can be seen around "Mago," carrying out a haircut on one of the group members. Her work is a beauty salon which she began 30 years ago. She is requesting the loan to buy a display case to show her beauty products. When she requested this loan, she reported that she feels satisfied with her business. She is 51 years old, and she attended school through the third year of secondary school. She is married and has 3 children in total. She would like this loan to buy a display case for her beauty salon, to show the beauty products she sells there. She also hopes to expand her clientele, and thus increase her sales and raise her income. María Laura V. is the group's president. She is 41 years old and attended school up to the academy. She has 3 children in total. Her work is selling shoes and lingerie, a business she began 7 years ago. She is requesting the loan to invest in shoes and buy lingerie to sell. The group is maD. up of 13 members.
Esta foto fue tomada en la Casa D. Margarita I. un integrante del grupo Citlaltepec, que está ubicado en la ciudad D. Orizaba en el Estado D. Veracruz en México. Se ve a las integrantes del grupo alrededor D. la señora Mago realizando un corte D. cabello a una D. sus compañeras del grupo en la foto. Ella se dedica a su estética que inicio hace 30 años. Solicita el préstamo para comprar una vitrina para mostrar sus productos D. belleza. Al momento D. solicitar este préstamo se siente satisfecha con su negocio. Tiene 51 Estudio hasta 3ro. D. secundaria es casada y tiene en total 3 hijos. Quiere este crédito para comprar una vitrina para su estética para mostrar L. productos D. belleza que ahí venD.. También espera poder hacer crecer su clientela y con esto incrementar sus ventas para mejorar sus ingresos.María Laura V. es la presidente del grupo. Tiene 41 años, estudió hasta la academia es casada y tiene en total 3 hijos. Ella se dedica a la venta D. zapato y lencería que inicio hace 7 años. Solicita el préstamo para invertir en zapatos y comprar lencería para vender.El grupo está conformado por 13 integrantes.
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.