Nuevo Horizonte Group
Update on Nuevo Horizonte GroupLourdes is another one of the members of the "Nuevo Horizonte" ("New Horizon") communal bank. She's 44 years old and married to Miguel, who works in farming. Over four years ago, she started selling butchered chickens from her home in order to earn a little extra money for her household expenses and for improving her living conditions. She also reports that she has always wanted to open a small grocery store in her house, since there aren't any stores nearby and it would be a good business. She has requested this loan so she could use it to purchase chickens and groceries (cookies, soap, beans, cooking oil, soup, candy, refreshments, rice, milk and canned goods) in order to get her business started. Lourdes hopes that her business will gain customers and sell high, so that her small store may grow on a daily basis.
The other members of the communal bank are Carmen, who sells crafts; Hilda, who sells food; Virginia, who sells food; Gregorio, who's a carpenter; Adriana, who sells clothing; and Hermelinda, who sells food.
los demas integrantes del grupo son:
Carmen venta de manualidades
Hilda venta de comida
virgina veta de comida
Adriana venta de ropa
Hermelinda venta de comida
Previous Loan DetailsThe group "Nuevo Horizonte" (New Horizon) is located in the community of Zona Urbana Ejidal and consists of 10 members: • Hilda sells food. • Lourdes sells chickens. • Hosanna sells meat. • Virginia sells Mexican street food. • Gregorio operates a carpentry shop. • Jesica sells shoes. • Fi... More from Nuevo Horizonte Group's previous loan »
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.
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Success!! The loan was 100% repaid