The group is called "Nueva Imagen de Tula" because the members said that the first impression is the one that lasts, but one can always be wrong and change. It is located in the state of Hidalgo, which is known as the city of Atlantes which was built by the Toltecs. Maria Concepcion Hernade has been selling cosmetics for the past 5 years. She is 59 years old and she is someone who enjoys to work and to keep moving forward in whatever way possible. People know her as a very good person, honest, and always ready to provide what they need on time. She wants this loan to invest in her business and to cover the household expenses. With the earnings she wants to distribute her products in farther territories so that everyone will know her and to become one of the best merchants.
El grupo se llama "NUEVA IMAGEN DE TULA", porque las señoras dicen que la imagen de la primera es con la que todos se quedan, pero tambien te puedes equivocar y cambiar. Esta hubicado en el Estado de Hidalgo la cual es conocida como la ciudad de las atlantes que costrullo la cultura Tolteca, la señora Maria Concepcion Hernande vende cosmeticos desde hace 5 años, tiene 59 años de edad, es una señora que le gusta trabajar y salir adelante por cualquier medio, las personas la tienen en un concepto de una muy buena persona, honesta y siempre entrega todo lo que les piden a tiempo. Ella desea este prestamo para invertir en su negocio y así apoyar en los gastos de su hogar y con las ganancias expandir su producto para que todas las personas la conozcan y sea una de las mejores vendedoras.
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.