Iris Ii Group
This group has eight members and this is the first time that they have requested a loan. Amanda works buying and selling clothes from her home. She started her business two years ago. She is requesting this loan to buy seasonal clothes that her customers have already requested. She is 29 years old, studied up to the sixth year of elementary school, lives with her partner, and has two children. At the time of requesting this loan she feels enthusiastic that her group has been offered this opportunity. She hopes that it will enable her to provide her family with a better quality of life.
Carmen V. is another member of the group. She is 57 years old, didn't attend school, is married, and has one daughter. She has been running a sewing business for five years and is requesting this loan to buy fabric and threads that she needs. Her customers are from the same town. At the time of requesting this loan she feels enthusiastic as she will be able to stock up on fabric and thread so that she can continue growing her business. She hopes to attract more customers and improve her profits so that she can provide her family with a better quality of life.
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