This group is called 'Los Arcoíris de Atoto' (Rainbows of Atoto). They chose this name because the president really likes rainbows. She says that rainbows are a sign of calm and tranquility. This group is located in Atotonilco de Tula Hidalgo and has 11 members. María De La Paz Monterubio is the president of the group. She is 36 years old and studied to senior high school level. She is a single mother and has one son. She sells shoes and clothes. She started the business 9 years ago. María de la Paz is requesting a loan to invest in the purchase of shoes and clothes. María de la Paz is waiting anxiously for her loan so that she can invest the money in her business, offer a wider range of merchandise to her customers and thereby make a better income for herself and her family, especially her son.
Roció C is another member of the group. She is 43 years old and studied to senior high school level. She is married and has 2 children, one boy and one girl. She has a laundromat. She has had the business for 6 years. She is requesting her loan so that she can continue to grow her business. Her goal is to be able to establish her own premises and make her business grown more every day in order to provide her children and family in general with a better quality of life.
Este grupo se llama Los Arcoíris de Atoto, tiene este nombre porque a la presidenta le gustan mucho los arcoíris, ella dice que los arcoíris son señal de calma y tranquilidad, además este grupo se encuentra en Atotonilco de Tula Hidalgo. El grupo esta conformado por 11 integrantes. María De La Paz Monterubio, es la presidenta del grupo tiene 36 años de edad estudio hasta preparatoria, es madre soltera y tiene un 1 hijo, ella se dedica a la venta de zapatos y ropa, inicio hace 9 años, María de la Paz solicita el préstamo para invertir en la compra de zapatos y ropa, la señora María de La Paz espera con ansias este préstamo para poder invertir el dinero en su negocio, ofrecer mayor diversidad de mercancía a sus clientes y así obtener mejores ingresos para ella y su familia, especialmente a su hijo. Roció C., es otra integrante del grupo, ella tiene 43 años de edad, estudió hasta la preparatoria, su estado civil es casada y tiene 2 hijos: un varón y una mujer, ella tiene una lavandería. Tiene 6 años de antigüedad con su negocio, el préstamo solicitado es para poder seguir haciendo crecer su negocio, su meta es llegar a poner su propio local y hacerlo crecer cada día más para poder darles una mejor calidad de vida a sus hijos y familia en general.
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.