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El Milagro Oli Group
In this Group: Martha Rosa, Monica, Carmen, Josefina, Nicolasa, Allaneli, Maria De Jesus, Magali Denis, Blanca Estela, Maximina
This group is called “El Milagro Oli” and located in the State of Mexico. Their town is known for its beautiful village festivals, the hardworking and enterprising people, its livestock industry, and the humility of each of its inhabitants. The group consists of 10 members.

Sra. Carmen is the group treasurer. She has worked in retail for 20 years. Carmen needs a loan to buy clothing, sandals, bathing suits, and casual wear so that she can offer a variety of products to her customers. She is 39 years old, married, and has an elementary school education. With her earnings, Carmen wants to set aside savings so that she can provide a better quality of life and continue investing in her business. She feels more like an entrepreneur and can help her husband with the family finances.

View original language description ↓
Este grupo se llama “EL MILAGRO OLI” y se ubica en el Estado de México; este municipio se distingue por las bellas fiestas del pueblo por su gente trabajadora y emprendedora, por su ganaderia y por la humildad en cada uno de sus habitantes. El grupo esta conformado por diez integrantes. La señora Carmen es la tesorera del grupo. Ella a trabajado en el comercio desde hace 20 años, requiere el prestamo para comprar ropa y sandalias playeras de baño y casuales, y asi tener una gran variedad de artículos para ofrecer a sus clientes. Ella tiene 39 años, estudió hasta la primaria y es casada, con las ganancias quiere ahorrar para brindarles una mejor calidad de vida y así seguir invirtiendo en su negocio que gracias a él se siente más emprendedora y que puede apoyar a su esposo en los gastos de la familia.

Additional Information

About CrediComun

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.

About Mexico

  • $15,600
    Average annual income
  • 49
    View loans »
    Mexico Loans Fundraising
  • $22,523,500
    Funds lent in using Kiva
  • 11.6
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of El Milagro Oli Group's $3,875 loan helped a member to purchase clothing, sandals, bathing suits, and casual wear.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jul 25, 2011
Jul 27, 2011
Currency Exchange Loss:
Jan 6, 2012