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Una Nueva Esperanza Group
In this Group: Maria Magdalena, Ma Victoria, Leticia, Efrain, Petra , Francisco

Update on Una Nueva Esperanza Group

Efrain is 46 years old and sells Mexican snacks and hamburgers. He tells us that he is very proud to belong to the group called “Una Nueva Esperanza” (A New Hope) and says that he sets up his business during popular festivals in adjacent towns and that he likes what he does very much. His hamburgers, fries, and chicharones are delicious. He is asking for this loan in order to buy supplies that he needs to make his snacks. He buys [his supplies] in different stores in a nearby town. The other five members are Maria Magdalena, Ma Victoria, Leticia, Petra, and Francisco. They will invest in their grocery store business, frozen treat and soft drink business, bakery, and cheese making business.
View original language description ↓
Don Efrain tiene 46 años de edad el se dedica a la venta de antojitos mexicanos y hamburguesas dice que el se siente muy orgulloso de pertenecer a su grupo llamado Una Nueva Esperanza, dice que el pone su negocio en las fiestas populares de los pueblos aledaños a su población y que le gusta mucho lo que hace ya que le quedan muy sabrosas las hamburguesas las papas fritas, los chicharrones preparados etc. Dice que esta pidiendo un crédito a la financiera para la compra de los insumos que le hacen falta para hacer sus antojitos y que los compra en diferentes tiendas de una población cercana a la de el. Los otros cinco integrantes del grupo son Maria Magdalena, Ma Victoria, Leticia, Petra y Francisco ellos invertirán en su negocio de abarrotes, paletería y refrescos, panadería y elaboración de quesos.

Previous Loan Details

Efrain is 45 years old, married, and has two children. He is originally from an indigenous town where the people still speak the Mazahua dialect. Efrain sells French fries and plantains prepared with milk. He has bee... More from Una Nueva Esperanza Group's previous loan »

Additional Information

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

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
  • 28
    View loans »
    Mexico Loans Fundraising
  • $17,914,275
    Funds lent in using Kiva
  • 13.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Una Nueva Esperanza Group's $1,900 loan helped a member to buy supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 13, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2013