Balam Nah De Carrillo Group
María Magdaleana has a room, which serves as a home as much as a store. This is where she lives with her husband, Mauricio, and their three children. Nacho is 21 (he has special needs), Yuridia is 12, and little Lisandra is seven and school age.
She needs to build another room to use as a store for her natural products sales. She started this business three years ago selling by catalog. María currently has the products in her house. Having a store would mA. her business more attractive to her customers.
Magdalena currently feels committed to her work as a mother and to her business. Her priority is to earn money in order to continue taking her son, Nacho, for his rehabilitation treatments. That is why she is asking us for a loan, to be able to carry out her plans to expand her store and to present a better quality of life to her family.
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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Success!! The loan was 100% repaid