Nuevo Milenio Group

The group 'Nuevo Milenio' is represented by Walter Santos and is comprised of 12 members, for whom the principal activity is the sale of products such as mobile phone accessories, stationery, cosmetics, groceries, sweets, and transport tickets. This group knows that competition exists, but this doesn't worry them as they now know how to work with their products. This loan is destined to increase their businesses and buy items of necessity and materials that improve the quality of their products, to increase their earnings and further improve the quality of life of their families. The members are in their third season in the institution, which is why they have experience as a supportive group and know how to meet their obligations with responsibility, honesty and a lot of enthusiasm to move forward.

Translated from Spanish by Jane McCrory, Kiva Volunteer

El grupo "Nuevo Milenio" esta representado por el señor Walter Santos y conformado por 12 miembros de los cuales su principal actividad es el comercio de productos como accesorios de celular, material de escritorio, cosméticos, abarrotes, dulces y al servicio público de pasajeros. Este grupo sabe que existe la competencia pero no le da importancia ya que saben como trabajar con sus productos. El destino del crédito es para la ampliación de sus negocios y a la compra de insumos y materiales que mejoren la calida de sus productos para incrementar sus ingresos y mejora más aun la calida de vida de sus familias. Los socios(as) Van cursando su tercer ciclo dentro de la institución por lo que tienen experiencia en grupos solidarios y saben como cumplir con sus obligaciones con responsabilidad, honestidad y muchas ganas de salir adelante


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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