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Los Nuevos Group
In this Group: Alma Yazmin, J Remedios, Citlaly, María Guadalupe, Hilda, Javier, Diana Grisel, Mayra Edith

Update on Los Nuevos Group

Citaly is 25 years old, and has three children, two of whom are in elementary school. She is a member of the community group, “Los Nuevos” (The New Ones), and Citaly is grateful to be part of this group that she feels is very hardworking and genuine. She also likes working with VisionFund because they apply reasonable interest rates to borrowers. For the past ten years, Citaly has operated a fruit and vegetable stand near the center of her town. She rents out the space next to her parents’ stand, and learned the trade and flow of the markets from them. Since Citaly married young, her parents decided to help her with the initial rent payments to get her stand and business up and running.

With the support from this loan, Citaly plans to purchase high quality fruits and vegetables to stock her stand and offer a wider variety of produce to her clients. “I like to always keep my stand well-stocked with the highest quality of produce to make sure I stay competitive,” Citaly comments. Every third day, Citaly visits the supply center to restock her produce.

The other group members are Alma, J Remedios, María Guadalupe, Hilda, Javier, Diana and Mayra. They work in various other trades, including: floral sales for arrangements, craftmaking, fabric and cloth sales, tortilla making and sales, as well as buying blankets and shoes from catalogs for local resale.
View original language description ↓
Citlaly tiene 25 años de edad y tiene tres niños los cuales dos de ellos estudian la primaria, ella es parte del grupo llamado Los Nuevos, platica que su grupo es muy trabajador y que les gusta trabajar con VisionFund porque no les cobra altos intereses. Ella desde hace diez años tiene un puesto de frutas y legumbres en el centro de su población, dice que renta un local y que sus padres fueron la que la ayudaron a rentar ese puesto ya que justo al lado ellos también tienen su negocio, dice que empezó con este tipo de actividad porque ella ya ya lo conocía, gracias al de sus padres. Ya que Citlaly se caso muy joven sus padres les ayudaron con un puesto nuevo para que pudieran salir adelante. Ella esta pidiendo un crédito para la compra de frutas y legumbres ya que le gusta surtir fruta de primera calidad. “me gusta que mi negocio este bien surtido y que la fruta este fresca y de buena calidad para que mis clientes no se me vayan con la competencia”. Ella surte las frutas y legumbres en la central de abastos cada tercer día ya que ella está en una ubicación donde vende muy bien en el centro de la ciudad. Los demás integrantes del grupo se llaman Alma, J Remedios, María Guadalupe, Hilda, Javier, Diana y Mayra ellas invertirán sus créditos en el negocio de compra y venta de flores para arreglos, en la compra de material para hacer manualidades para su venta, en tela para elaborar prendas de vestir, en la compra de masa para hacer tortillas a mano, en la compra de colchas por catalogo para su venta y en la compra de zapatos por catalogo para su venta.

Previous Loan Details

Alma, 25, is from the town of Zitacuaro. She's the mother of two elementary-school children. She's a single mother, which is why she puts so much into getting her children ahead. She belongs to a group called Los Nuevos. She says she joined the group to be able to buy a sewing machine becau... More from Los Nuevos 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
  • 7
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    Funds lent in using Kiva
  • 12.3
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Nuevos Group's $3,650 loan helped a member to purchase seasonal fruits and vegetables for resale at her market stand.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013