Nuevo Milenio Group

The New Millennium Group is composed of 13 members dedicated to the sale of beauty products, groceries, sweets, CDs, and a variety of products that generate income to sustain their families. This group has already worked with their micro-finance organization through four loans, during which time they have demonstrated responsibility, honesty and a willingness to work. In every type of commerce the competition of supply and demand always exists, and the members know how to forge ahead to provide a better quality of life for their families.

This loan is destined for diversification of products, and to invest in supplies and tools that will improve the quality of their products and help them keep up with the competition.

The fact that the members are in their fourth loan cycle with their institution is because they can count on experience in solidarity groups and they know how to administer funds. This is why the foundation offers its economic help, so they and their families can get ahead.

Translated from Spanish by Harold Sims, Kiva Volunteer

El grupo “Nuevo Milenio” es un grupo compuesto por 13 socias que se dedican a la venta de productos de belleza, Abarrotes, dulces, CDs, y variedad de productos que les generen ingresos para poder sustentar a sus familias, este grupo ya esta trabajando con la institución bajo esta modalidad de crédito por cuarto ciclos, tiempo en el que han demostrado responsabilidad, honestidad y ganas de trabajar. Como en todo rubro comercial siempre existe la competencia de la oferta y la demanda, pero las socias saben como salir adelante para obtener mejores ingresos para poder darle a su familia una mejor calidad de vida. Este crédito esta destinado para la diversificación de productos y para invertir en la compra de materiales insumos y herramientas que ayuden a mejorar la calidad de sus productos parque estos puedan combatir a la competencia Las socias van cursando su cuarto ciclo dentro de la institución por lo que cuentan con experiencia en grupos solidarios y saben como administrar los fondos, es por esta razón que la fundación les brinda un apoyo económico para que puedan sacar adelante a sus familias.



About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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