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Un Nuevo Resplandor Group
In this Group: Feliciana, Arnulfa, Maria Marcela, Pilar

Update on Un Nuevo Resplandor Group

Marcela is 40 years old and she is originally from the indigenous community of otomí, a place full of vegetation where being a seamstress or a lamb farmer are the primary types of employment. She is a member of a group called "A New Glow" and the majority of the members sew crafts to sell. Marcela is associated with other women who make cakes, cookies, puddings, cheesecake and different desserts to sell. She says that she has worked with this business for approximately 4 years and she said that the sales are going well now that they take orders for special events and the cakes are homemade which the customers greatly prefer. In her free time she also makes textiles including napkins, pillows and tablecloths to sell. She says that in the place where they make the desserts she can also sell her textiles and that she achieves good sales. She is seeking a loan to improve her businesses and to buy materials and supplies for her sewing and her desserts like checkered cloth, fabrics, threads, needles, yarns and rings and for the desserts, chocolate mousse, different types of milk, flour, eggs, flavorings, and fruit, etc. She says that if she receives the loan her business will improve and she will be able to obtain earnings to support her children in school and to assist her husband with the expenses of their home. The other three members of the group are named Feliciana, Arnulfa and Pilar. They will invest in their businesses through the purchase of fertilizers, nutrients for growing avocados, and corn seeds to sell and the purchase of materials for handmade embroidery.
View original language description ↓
Marcela tiene 40 años de edad ella es originaria de una comunidad indígena otomí, un lugar lleno de vegetación y donde la principal fuente de empleo es la elaboración de costuras y cría y venta de borregos. Ella es parte de un grupo llamado Un Nuevo Resplandor y la mayoría de las integrantes se dedican hacer costuras para vender. Marcela esta asociada con otras señoras las cuales hacen pasteles, galletas, gelatinas, pay de queso y diferentes postres para vender dice que tiene con este negocio aproximadamente 4 años y dice que le va bien en las ventas ya que hacen pedidos para eventos especiales y que son pasteles caseros y eso le gusta más a los clientes. También en sus tiempos libres hace costuras como servilletas, almohadones, manteles para vender, dice que en el local donde tienen los postres ahí también aprovecha para vender sus costuras y que si ha tenido buenas ventas, ella está pidiendo un crédito para mejorar sus negocios y comprar material e insumos para hacer sus postres como cuadrille, tela, hilos, marquice, agujas, estambres, aros y para los postres, diferentes tipos de leche, harina, huevo, saborizantes, frutas etc. Dice que si le hacen el crédito su negocio mejorara y así podrá sacar ganancias para apoyar a sus hijos en la escuela y a su esposo con los gastos del hogar. Las otras tres integrantes del grupo se llaman Feliciana, Arnulfa y Pilar ellas invertirán en sus negocios de en la compra de abonos, fertilizantes para cultivo de aguacate, para la compra de material para hacer bordados artesanales, para la compra de fertilizantes y semilla de maíz para vender.

Previous Loan Details

Feliciana is 38 years old. She is married to Saúl, who is a builder, and has three daughters: Berenice (a high school student), Marlene (an elementary school student) and little Guadalupe. Feliciana tells us that she buys maguey cacti so that she can extract 'aguamiel' (a non-alcoholic drink). ... More from Un Nuevo Resplandor 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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $17,999,600
    Funds lent in using Kiva
  • 12.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Un Nuevo Resplandor Group's $2,550 loan helped a member to buy materials for handmade embroidery and the creation of desserts to sell, such as fabrics, thread and needles, etc. and chocolate mousse, milk, and eggs, etc.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2013
Listed
Apr 28, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013