The name of this group is "The Emeralds of Huatecalco" and it is located in the state of Morelos in Mexico. This community is well known because the majority of the population is dedicated to the cultivation of sugar cane. This is the most important business in the region. The group is made up of 11 members. Maria Natividad N. Penaloza is a member of the group. She sells cosmetics, a business she started three years ago. She requests a loan to purchase merchandise and to be able to fill the orders that she has outstanding. She is single and she is 19 years old. She has a grade 9 education. her clients are happy for the way they are serviced and because she delivers their orders on time. At the time when she requested her loan she was happy because she will be able to purchase merchandise and with the earnings she will be able to support her family. Her mother is convalescing in hospital from an operation and hers is the only support they have.
Note: The individual that cannot be seen clearly is Victoria R..
Este grupo se llama "Esmeraldas de Huatecalco" y se ubica en el Estado de Morelos en México, esta comunidad se distingue porque la mayoría de sus habitantes se dedican al cultivo de la caña de azúcar actividad económica más importante de la región. El grupo esta conformado por 11 integrantes. María Natividad Noguerón Peñaloza es integrante del grupo, se dedica ala venta de cosméticos negocio que inicio hace tres años, solicita el préstamo para comprar mercancía y poder entregar los pedidos que ya tiene. Ella es soltera, tiene 19 años de edad, estudio hasta el tercer año de secundaria. Sus clientas se sienten contentas por la manera como las atiende y entrega los pedidos a tiempo, al momento de solicitar este préstamo se siente contenta porque podrá comprar su mercancía y con las ganancias que obtenga podrá apoyar a su familia porque su mamá se encuentra en recuperación de una operación que le realizaron y ella es el único apoyo que tiene. Observaciones, la señora que no se ve bien se llama Victoria R..
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.