Rocio Montaño is the group's president. She is 26 years old and studied at elementary level. She is a saleswoman and has 4 children: 2 girls and 2 boys. Rocio sells handicrafts (embroidered napkins) and curtains for cars. She started this business 6 years ago with only 3 meters of cloth and 10 rods. She didn't know how to sew or embroider but she really needed to start a business which could support her family since her husband didn't have a job so she asked a neighbor to teach her to embroider and use a sewing machine. She paid for these lessons by doing work in the neighbor's house such as washing her clothes and helping her with her housework. She only received 45 minutes worth of instruction at a time though as her neighbor's husband got annoyed if he found her in his house.
However, in spite of the bad treatment which she received in learning her traD., after a couple of weeks she had learned all she needed to in order to set up her business and now she no longer has just 3 meters of fabric and 10 rods but rolls of fabric and more than 100 kg of rods. She is requesting this loan to be able to buy more sewing machines and employ neighbors from her community so that they don't have to go to other states and can stay in their community.
L. señora Rocio Montaño es L. presidenta del grupo. Tiene 26 años, estudió hasta L. Primaria, es comerciante y tiene en total 4 hijos: 2 mujeres y 2 varones. ElL. se dedica a L. Venta D. Artesanias (Servilletas Bordadas) y Cortinas para carros, negocio que inició hace 6 años, con unicamente 3 metros D. teL. y 10 varillas, no sabía coser ni bordar pero era tanta L. necesidad D. iniciar algún negocio para poder mantener a su familia, ya que su esposo se había quedado sin trabajo, D. modo que le pidio a una vecina que le enseñara a bordar y coser a máquina, para lo cual tenía que pagarle con trabajo en su casa lavando su ropa y ayudandole a su quehacer y sólo le enseñaba 45 minutos ya que el esposo D. su vecina se molestaba si L. encontraba en su casa y apesar D. los malos tratos que recibió por aprender , alfin D. algunas semanas aprendió lo que elL. necesitaba para poder emprender su negocio y ya no son tres metros D. teL. ni diez varillas ahora son Rollos D. TeL. y más D. Cien kilos D. varillas. Solicita el préstamo para poder comprar más máquinas D. coser y poder emplear a vecinos D. su comunidad para que ya no salgan a otros Estados y se queden en su comunidad.
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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