Nuevo Amanecer Group

The group "Nuevo Amanecer" (New Morning) is represented by Mrs. Catalina. In general, the members sell food and snacks, make furniture, bake and sell homemade bread, and work in public transportation. One of the group members has already worked with other groups, but for the majority of them, this is their first time working within the group-lending model. Still, they understand the responsibility and commitment required to get a loan. They all know that market-competition is strong, especially in the sale of staple goods, but they all have experience in this area, having already provided for their families with this kind of work. The loan will be used for the purchase of goods to sell, especially during the Christmas season, as well as improving their work tools.

Translated from Spanish by Shaun Haines, Kiva Volunteer

El Grupo “Nuevo Amanecer” esta representado por la señora Catalina. En general los socios se dedican a la venta de comidas, cajonería, abarrotes a la elaboración y comercialización de pan casero y los socios al transporte público. Alguno de los socios ya trabajo con grupos solidarios pero en su mayoría es la primera vez que trabajan bajo esta modalidad, pero saben la responsabilidad y el compromiso que se requiere para un financiamiento. Todos saben que la competencia en el mercado es fuerte en especial en el comercio de productos de primera necesidad pero ellos tienen experiencia en su rubro ya el es el sustento de su familia. El destino del financiamiento es para la compra de material e insumos para la venta en especial para la época navideña así como para las mejoras de sus herramientas de trabajo.


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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