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Una Nueva Esperanza Group
In this Group: Maria Magdalena, Ma Victoria, Leticia, Efrain, Petra
Efrain is 45 years old, married, and has two children. He is originally from an indigenous town where the people still speak the http://en.wikipedia.org/wiki/Mazahua_language" target="_blank" >Mazahua dialect. Efrain sells French fries and plantains prepared with milk. He has been in this business for approximately 10 years and says that he manages it from Thursday to Sunday. During the rest of the week, he travels to Mexico City to do construction work in his job as a mason.


Efrain wants to stock up on products for making desserts to supply to different stores in a nearby town where they can be sold at affordable prices. He is requesting a loan in order to buy supplies for making his French fries and prepared plantains. Efrain will buy potatoes, utensils for slicing and peeling potatoes, gas, oil, sauce, ketchup, plantains, milk, plates, napkins, and other items. He sells his desserts outside of a grocery store that lends him a small space where he can sell his food. Don Efrain is very pleased with the loan because it has helped his business to grow and has allowed him to buy a few more supplies. His goal is to buy a special cart for making his desserts so that he can go to other places to sell them.

View original language description ↓
Efraín tiene 45 años de edad esta casado y tiene un dos hijos, el es originario de una localidad indígena donde la gente todavía habla el dialecto mazahua, Efraín se dedica a la venta de papas fritas y plátanos preparados con lechera, el tiene con ese negocio aproximadamente 10 años dice que de jueves a domingo se dedica a este negocio y el resto de la semana se va a la ciudad de México a trabajar en la construcción ya que también es albañil, surte sus productos para hacer sus postres en diferentes tiendas de una población cercana a su localidad donde le dan precios económicos. El esta pidiendo un crédito a la financiera para comprar materia prima para hacer sus papas a la francesa y los plátanos preparados, el comprara papas, utensilios para cortar y pelar las papas, gas, aceite, salsa, catsup, plátanos, lechera, platos, servilletas etc. don Efraín vende sus postres afuera de una tienda de abarrotes donde le prestan un lugarcito para vender su comida. El esta muy contento por el préstamo que le están haciendo por que su negocio crecerá y podrá comprar un poco mas de materia prima. La meta que tiene Efraín es comprarse un carrito especial para preparar sus postres que vende y salir a otros lados a vender.

Additional Information

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

  • $11,249
    Average annual income
  • 31
    View loans »
    Mexico Loans Fundraising
  • $18,350,050
    Funds lent in using Kiva
  • 12.1
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Una Nueva Esperanza Group's $1,500 loan helped a member to purchase supplies for his mobile food business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 14, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012