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Nueva Realidad Group
In this Group: Concepción, Lidia, Francisco Javier, Maria Raquel

Update on Nueva Realidad Group

Doña Concepción is 51 years old and is originally from the town of Curungueo, a picturesque town where most people work farming and selling avocados. She has been selling groceries in her house for 18 years, ever since her husband set her up with a work space. It allows them to have an additional income source to help pay for their children's education.

She says that she likes her business a lot because she keeps it well stocked and sells a little bit of everything, even toys and gifts. She also sells sandals, soda, and sewing supplies. She buys her sewing supplies in a village near hers called Zitacuaro.

She also says that they started their store so people in her community wouldn't have to travel to other towns to buy what they need and so they wouldn't have to spend money on travelling.

Conchita (the name she goes by) is asking for a loan to stock her grocery store and stock up on sewing supplies so her customers don't go to different places to buy them.

She is grateful to Vision Fund for the loan that she will give her, since she will be able to stock her store better. The names of the other members of the group are Lidia, Francisco, and María Raquel. They will invest what they obtain from loans to buy used clothing and bedspreads to sell, flowers to make flower arrangements, and also to stock up on different brands of cosmetics to sell.
View original language description ↓
Doña Concepción tiene 51 años de edad es originaria de una comunidad de Curungueo una localidad pintoresca, donde la mayoría de las personas se dedican al cultivo y venta de aguacate y al comercio, ella desde hace 18 años se dedica a la venta de abarrotes en su casa ya que su esposo le acondiciono un local para que tuviera una entrada de dinero más para apoyar a sus hijos con sus estudios, dice que le gusta mucho su negocio porque lo tiene bien surtido y vende de todo un poco hasta juguetes y regalos, así como huaraches, refrescos, un poco de mercería. La mercancía la compra en la población cercana a la de ella llamada Zitacuaro, también dice que puso la tienda para que la gente de su comunidad no se trasladara a otros lugares a comprar lo necesario y para que no gastaran en pasajes es por eso que ella puso su tiendita. Conchita como es conocida está pidiendo un crédito para surtir su tienda de abarrotes y para surtir su mercería para que sus clientes no se vayan a otros lados a comprar. Ella agradece a VisionFund por el crédito que le harán ya que tendrá su tienda mejor surtida. Los demás integrantes del grupo se llaman Lidia, Francisco y María Raquel ellos invertirán en sus créditos para la compra de ropa usada para su venta y para la compra de colchas para vender, para la compra de flores para hacer arreglos florales, para surtir cosméticos de diferentes marcas para su venta.

Previous Loan Details

Lidia is 47 years old and comes from Curungueo. She is married and has 2 children, one who is in high school and the other is in elementary. Lidia is part of a group called Nueva Realidad ( New Meaning ) and says the group obtained its name because it would create new meaning through the loans ... More from Nueva Realidad 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

  • $15,600
    Average annual income
  • 21
    View loans »
    Mexico Loans Fundraising
  • $19,052,100
    Funds lent in using Kiva
  • 12.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Realidad Group's $2,775 loan helped a member buy goods to stock her grocery store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Mar 30, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013