The group has 13 members and this is the third time that they have requested a loan. One of the members is called Adriana M. She is 25 years old and studied up to high school. She is a homemaker and also raises animals, mainly lambs. She says that raising animals is something she enjoys. It is the main business activity in her community and she has been raising animals for three years. Adriana has a 3 year-old son. This is the third time that she has taken a loan to strengthen her business and she is grateful for the opportunity. Her dedication to her business has enabled her animals to become well known by her customers because their meat is good quality. This loan will help her to buy feed and fodder for her lambs since this is essential if her animals are to grow quickly and be sold.
Adriana dreams that some day she will be able to increase her inventory of animals, owning 50 head of lambs and setting up premises where she can sell 'tacos de barbacoa' (spicy shredded-beef tacos) and make more profits. She also wants to help her children receive a good education and have a profession in the future.
About CrediComunThis 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.
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Success!! The loan was 100% repaid