Nueva Esperanza C Group

The Group “Nueva Esperanza C” is represented by señora Maria Luz, and comprised of 12 members of which the majority live in the area of a satellite city. The members of the group are for the most part seamstresses and knitters of blankets. Some also work with grocery stores in the sale of foods and vegetables. They know that the market in which they work is very competitive and so they need the highest quality of merchandise. The loan is to be used to buy edibles and high quality materials so that the women of the group may offer a finished product that can compete in the market. This group is engaged in their second loan, and so they have experience with support groups. They regard their payment plans with la Fundación Agrocapital with a great deal of responsibility and care.

Translated from Spanish by Matt Capetola, Kiva Volunteer

El grupo "NUEVA ESPERANZA C" esta representada por la señora Maria Luz y conformado por doce socias que en su mayoría radican en la Zona de ciudad satélite. Las socias componentes del grupo son en su mayoría costureras y tejedoras de mantas, también se dedican a la atención en tiendas de abarrotes, a la venta de comidas y verduras, ellas saben que el mercado en la que ellas se mueven es muy competitivo por lo que requieren mayor calidad de mercadería. El crédito esta destinado a la compra de insumos y materiales de primera calidad para ofrecer un producto terminado mas competitivo. Este grupo esta emprendiendo su segundo ciclo por lo que tienen experiencia en grupos solidarios y van cumpliéndolo con responsabilidad y mucho esmero en cumplir a tiempo con su plan de pagos con la Fundación agrocapital.


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

Subscribe