Afrodita De Tolcayuca Group
Xochitl is the president of the group. She is 35 years old, and she studied for a technical career in business. Xochitl sells clothes, and she has a fixed business in a very busy place in the municipality. Her business is a bazaar where she sells clothes and shoes. She has had the business for 14 years.
Xochitl decided to sell clothes because it allows her to get extra income. This helps her pay the household expenses and helps with her children’s education. She has two children, ages 15 and 10. They are currently in the local school.
The loan she is requesting is mainly to buy a display case where she will be able to offer her goods in a more visible way. This will help her increase her sales.
Xochitl is known as a woman who struggles to have a better quality of life for her family. She is an enterprising and responsible woman with great charisma for her customers, neighbors, and family members.
The photo was taken at Xochilt’s business. With the earnings that she gets she will continue investing in merchandise and paying for her children’s education.
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