This group is called Flor de Limón ["Lemon Flower"], and it is made up of 9 members. It is located in Quintana Roo, México. Jacinta C. is a member of the group and a neighbor living in the community of Maya de Limones. She is 46 years old and lives in a wooden house with a thatched roof made from a local palm called huano. She likes it, but she would like something better for her children, because she does not want them to grow up in a single room without any privacy. Jacinta's business is tailoring; she makes all types of garments, repairs clothing, and takes custom orders from her neighbors. However, she comments that if she had an electric sewing machine, her work would go more quickly. She is happy about the loan she is requesting, because she would like to expand her business and be able to satisfy the requests of all of her customers.
El grupo se llama Flor de Limón y está conformado por 9 integrantes, está ubicado en Quintana Roo, México. La señora Jacinta C. es miembro del grupo y es vecina de la comunidad Maya de Limones, ella tiene 46 años, vive en una casa de madera y techo de palma de la región que se llama huano, le gusta, pero quiere algo mejor para sus hijos, ya que no le gustaría que crecieran en un solo cuarto y sin privacidad. La señora Jacinta se dedica a la costura, hace todo tipo de composturas, arreglos y encargos de sus vecinos, pero comenta que si tuviera una máquina de coser eléctrica el trabajo seria más rápido. Ella está contenta por el crédito que solicito ya que quiere ampliar su negocio y poder satisfacer la demanda de todos sus clientes.
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.