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La Nueva Esperanza Group
In this Group: Ana Maria , Teodora, J Carmen , Juan Luis*, Cristina, Jose Juan, Francisco , Isabel, Pascuala, Imelda, Arnulfo, Maria Elena, Jaqueline
* not pictured
The communal bank "La Nueva Esperanza" is comprised of 13 men and women who are hard workers and, especially, enthusiastic. They are located in the main municipality which is known for its traditional celebrations. The members of the group say that they used to work with another micro-finance group named "La Conchita", but they had many internal problems so decided to change. They met Vision Fund and, for them, it is a new way of working. Since they were beginning again, they took the name "La Nueva Esperanza" (New Hope). Mary, 48, is the representative of the group. She is married to Manuel and they have four dependent children.

Mary has been in the business of selling tacos since she was 16. She says she began the business because a relative of her husband's had a restaurant-bar but after a while decided to close it. Mary's husband opened the business again to sell tacos. On this occasion, Mary is requesting a loan to buy soft drinks, gas, benches and chairs for her business. She enjoys her work and through much effort and hard work has been able to open four street vending locations. However, these are not her own places, but on loan, and Mary lives with the anguish that one day she will be ousted. Mary says "I only dream about having my own business in my house so we do not have to suffer like this".

Like Mary, the other members of the group also have their dreams and goals with their families, but what they want the most is to improve their lifestyles. The members of the group are Teodora and Cristina, who run taco stands, J Carmen who has a tire business, Juan Luis who has an Internet Café, Jose Juan and Francisco who will buy corn for tortillas, Isabel who will buy bedspreads and sheets, Pasucala who will buy costume jewelry, Imelda who will buy shoes, Arnulfo who will invest in his pastry business, Elena who will buy groceries for her store and Jacqueline, who will invest in her stationery store. All of the members are very happy and grateful to Vision Fund and KIVA for this loan which will be helpful to their businesses.
View original language description ↓
El grupo "La Nueva Esperanza" esta integrado por 13 personas entre hombres y mujeres muy trabajadores pero sobretodo muy entusiastas, se encuentran ubicados en la cabecera del municipio lugar que se caracteriza por sus fiestas tradicionales. Los integrnates del grupo platican que anteriormente estaban trabajando con otra microfinaciera su nombre era "La Conchita", sin embargo, tenian muchos problemas internos fue como decidieron cambiar de microfinanciera y conocieron a Vision Fund, para ellos era una nueva forma de trabajo, "iniciar nuevamente", entonces fue como decidieron ponerle "La Nueva Esperanza". Doña Mary es la representante del grupo tiene 48 años de edad es una señora casada con el señor Manuel con quien ha formado una familia con cuatro hijos que aun dependen de dicha pareja.
La señora Mary se dedica a la venta de tacos desde hace 16 años, ella cuenta que inicio porque un familiar de su esposo tenia un restaurante-bar pero tiempo despues dejo su negocio fue asi como el esposo de Doña Mary retomo el negocio de la venta de los tacos. Esta vez la señora Mary solicita el credito para comprar refrescos, gas, bancos y sillas para su negocio. Doña Mary le gusta su negocio, con esfuerzo y mucho trabajo han podido lograr hacerse de cuatro puestos de tacos ambulantes, sin embargo, los lugares no son propios solo son prestados y Doña Mary vive con la angustia de que algun dia le lleguen los desalojen de sus lugares. Doña Mary comento "Solo que con esta situacion sueño con tener mi propio negocio en mi casa donde ya no vivamos angustiados" asi como la señora Mary tiene metas las demas integrantes del grupo tambien tienen sueños y metas con sus familias pero lo que mas les importa es mejorar la calidad de vida. Los integrantes del grupo son Teodora, Cristina, quienes tambien invertiran en su taqueria, J Carmen invertira en su vulcanizadora, Juan Luis invertira en cafe internet, Jose Juan, Francisco invertiran para maiz para tortillas, Isabel invertira en colchas y sabanas, Pascuala invertira en productos de fantasia, Imelda invertira en zapatos, Arnulfo invertira en su negocio de dulces, Elena abastecera su tienda de abarrotes y Jaqueline invertira en su papeleria. Todos los integrantes estan muy contentos y agradecidos con Vision Fund y KIVA por el credito otorgado para sus negocios sera de gran ayuda.

Additional Information

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
  • 27
    View loans »
    Mexico Loans Fundraising
  • $17,914,275
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of La Nueva Esperanza Group's $7,425 loan helped a member to buy soft drinks, gas, benches and chairs.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 5, 2013
Listed
Apr 30, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013