Nuevo Dia Group

The members have different businesses like selling prepared meals, clothes, grains, vegetables, groceries, games, crafts, potatoes, small animals as well as offering tailoring services.

Each member has a different background. Maricruz, for example, runs a tailor shop and beauty salon in the same premises.

Elizabeth, for instance, sells groceries in various markets in the region as well as surgical clothing for well established customers.

The members request different amounts of loans: some 400, others 600, 800 or 1000 soles for a total amount of 9600 soles through the community bank.

The loans will be used to purchase surgical clothes, pants, chicken, tomatoes, pumpkin, potatoes, cloth, meat, rice, sugar, and also to furbish their shops with armchairs and mirrors.

The dreams of the members of the community bank are to have flourishing and stable businesses, to build houses and to be able to provide a good education for their children.

Translated from Spanish by Jimena Almendares Leistner, Kiva Volunteer.

El Banco Comunal Nuevo Día es un banco joven que se inició hace 4 meses. Actualmente tiene 2 ciclos y 20 socias.

Las socias realizan diferentes negocios como la venta de comida, ropa, cereales, verduras, abarrotes, juguetes, artesanía, papa, animales menores y servicios de confección de prendas de vestir.

Cada socia tiene una historia diferente como es el caso de Maricruz que tiene un taller de confección de prendas de vestir y también un salón de belleza en un mismo local.

Por otro lado Elizabeth vende abarrotes en las diferentes ferias de la región y además vende ropa quirúrgica a clientes ya establecidos.

Las socias necesitan diferentes montos de préstamos, algunos montos son de 400 soles, 600 soles, 800 soles, 1000 soles haciendo un total de 9,600 soles de préstamos en el Banco Comunal.

Los préstamos lo invertirán en la compra de ropa quirúrgica, pantalones, pollo, tomate, zapallo, papa, telas, carne, arroz, azúcar y para implementar su local con sillones, espejos.

Los sueños de las socias son que sus negocios prosperen, tener un negocio estable, construir su casa y que sus hijos tengan una buena educación.

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