This group is called “Las Primas de Betania” and is located in Quintana Roo, Mexico. Francisca P. C. is a member of this group. Francisca embroiders and makes 'huipiles' which are traditional tunics or blouses from the Maya region of Quintana Roo. She is requesting this loan to invest in buying threads and fabrics which she will use to grow her business. She feels proud and happy because, thanks to this loan, she will manage to improve her business and make a large variety of outfits such as suits, increasing her sales and thereby her profits. She will also be able to conserve the beauty of her culture. This experience allows her to create a culture of saving and she plans to better herself and improve her family's quality of life. Francisca is a very hard-working person who has 7 children, most of whom are already married. Through effort and hard work, she has managed to get her children ahead in life and she will continue to work, as she has done up until now, in order to improve her business and provide for her family's well-being.
Este grupo se llama “Las Primas de Betania” esta ubicado en Quintana Roo, México. La señora Francisca P. C. es integrante del grupo. Ella se dedica al bordado o la elaboración de hipiles que es un traje típico de la región maya de Quintana Roo ella pide este préstamo para invertir en la compra de hilos y telas, el cual lo utiliza para hacer crecer su negocio. Se siente orgullosa y contenta porque gracias a este préstamo logrará mejorar su negocio y podrá hacer una gran variedad de trajes como ternos, aumentando sus ventas y así mismo sus ganancias. Además de conservar la belleza de su cultura. Esta experiencia le permite crear una cultura de ahorro y se propuso en la vida lograr la superación y mejorar su calidad de vida y de su familia. Doña Francisca es una persona muy trabajadora, que tiene 7 hijos los cueles la mayoría ya están casados, ya que con esfuerzo y trabajo los ha podido sacar adelante y seguirá trabajando como hasta ahora para mejorar su negocio y dar bienestar a su familia.
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.