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Las Perlas 1 Group
In this Group: Socorro, Elvira, Elizabeth, Angelica Maria, Maria Isabel, Florencia, Gabriela, Maria De Lourdes, Maria De Los Angeles, Luz Maria Del Rosario
This photo was taken in the home of Mrs. Elvira, one of the members of the Las Perlas (Pearls) 1 Group, located in Veracruz, Mexico. This photo shows a group of very happy women. Mrs. Elvira began selling bread 10 years ago, and asked for a loan to buy tricycles to sell her products. Asking for the loan made her very happy because she will be able to distribute her bread in more places. She is 38 years old and did not attend school. She is married and has three children, two girls and a boy. She hopes to be able to grow her bakery and offer better service to her customers.

Angeles T. is the group's president. She is 41 years old and graduated from high school. She is married and has sold cosmetics for three years. She is asking for a loan to grow her business and buy new merchandise, as she currently does not have enough to supply for her customers' requests. She comments that with the loan, she will buy her products and will then achieve economic stability for her family and offer her children a better quality of life and professional careers.

This group is made up of ten members and it is the first time they have requested a loan.

View original language description ↓
Esta foto fue tomada en la casa de la señora Elvira una integrante del grupo LAS PERLAS 1, que esta ubicado en la localidad de Veracruz, México, se ve en la foto al grupo de señoras muy contentas. La señora Elvira se dedica a la venta de pan que inició hace 10 años, solicita el prestamo para la compra de triciclos para comercializar su produto, al momento de solicitar este prestamo se siente muy contenta por que así va a poder distribuir en más lugares su pan, tiene 38 años, no estudio, es casada y tiene 3 hijos; 2 mujeres y un varon. Ella espera poder hacer crecer su panaderia y ofrecer un mejor servicio a sus clientas. Angeles T. es la presidenta del grupo, tiene 41 años, estudió hasta el bachillerato y es casada, ella vende cosmeticos que inicio hace 3 años, solicita el prestamo para hacer crecer su negocio y adquirir nueva mercancia, ya que no se da abasto con los pedidos que le hacen sus clientes, ella comenta que con el prestamo podrá comprar sus productos y así logrará una estabilidad economica para su familia logrará ofrecerles a sus hijos una mejor calidad de vida y una carrera profesional. El grupo esta formado por 10 integrantes y es la primera vez que solicitan un prestamo.

Additional Information

About CrediComun

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.

About Mexico

  • $15,600
    Average annual income
  • 39
    View loans »
    Mexico Loans Fundraising
  • $22,539,700
    Funds lent in using Kiva
  • 12.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Perlas 1 Group's $3,150 loan helped a member to buy tricycles to sell bread.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Feb 23, 2011
Mar 5, 2011
Currency Exchange Loss:
Jul 15, 2011