Check out some available loans that are similar to this one!
Nueva Ilusión Group
In this Group: Juana , Francisca , Maximina, Yaneth
The “Nueva Ilusión” group is from a very tranquil community and its people maintain their well-rooted customs and traditions. The most celebrated festival is on August 14, the day that the Virgin (Mary) of San Juan is celebrated. The group is made up of four hardworking and responsible ladies who say that the group’s name was selected by the loan official, but they all liked it because it means many things, and the chance having another loan is a new dream for their businesses and families. Juana, or Juanita as her friend’s call her, is 50 years old. She has an elementary school education, has been married to Leobardo for 28 years, and together they formed a family that includes five children. Two of whom attend school.

Juanita has a small grocery store, raises sheep, and also embroiders. She started out raising sheep and embroidering, but during the rainy season she noticed that the animals would get too thin and it was difficult to sell them. Two years ago she decided to open a small grocery store because whenever she needed to buy a product, she had to walk for several kilometers to get to a store, so she decide to begin selling the most essential products such as milk, bread, eggs, canned goods, soft drinks, etc. “My mother-in-law had a small store but ended up closing it, but I learned some things there.”

This time she is asking for a loan to buy more lambs, fabric, checkered cloth, yarn in various colors, thread, needles, etc. She will not invest into her grocery store at the moment because her oldest children will help her to buy products. Juanita has 20 years’ experience making weaves. “I have liked the arts since I was very little and I learned just by watching.” However, her vision is tired and now she needs gasses to make her napkins. She also says that she loves her three activities. She only gets customers in her store in the evenings, but keeps it open during the day and uses the time to weave and gets up very early every morning to make breakfast.

Generally Juanita doesn’t have any problems with her income and her only dream is to improve her quality of life for her children who are in school. The members of the group are very grateful to Kiva and Vision Fund for the loan because they will be able to invest in their businesses. Francisca will invest in groceries, Maximina and Yaneth will invest in embroidery.
View original language description ↓
El grupo “Nueva Ilusión” se encuentra en una comunidad muy tranquila, sus habitantes aún tienen sus costumbres y tradiciones muy arraigadas. La fiesta más celebrada es el 14 de agosto, día que celebran a la Virgen de San Juan. El grupo está conformado por cuatro mujeres muy trabajadoras y responsables, platican que el nombre del grupo lo eligió su Oficial de Crédito, pero a todas les agradó ya que significa mucho, pues la oportunidad de un crédito es como tener una nueva ilusión en sus negocios y en sus familias. Juana o Doña Juanita, como le llaman de cariño, tiene 50 años de edad, estudio la primaria, está casada con el señor Leobardo desde hace 28 años y juntos formaron una familia con 5 hijos de los cuales dos de ellos aun se encuentran estudiando. Doña Juanita tiene una pequeña tienda de abarrotes, se dedica a la cría y engorda de borregos y también elabora bordados. Comenzó con la actividad de los borregos y los bordados, pero en tiempos de lluvia notó que sus animalitos enflacaban mucho y era difícil ponerlos en venta. Hace dos años decidió iniciar con su pequeña tienda de abarrotes porque cuando ella necesitaba comprar algún producto tenía que caminar varios kilómetros para poder llegar a la tienda, por eso mismo decidió iniciar a vender algunos productos los más esenciales como leche, pan, huevo, alimentos enlatados, refrescos etc. “Mi suegra tenía una pequeña tiendita pero termino cerrándola y de allí aprendí un poco”. Esta vez está solicitando crédito para comprar mas borreguitos chicos, tela cuadrille, estambre de varios colores, hilos agujas, etc. Por el momento no invertirá en su tiendita de abarrotes pues sus hijos mayores son quienes la apoyan para comprar más productos. En cuanto a la creación de bordados, Juanita cuenta con 20 años de experiencia: “Desde muy pequeña me llamo la atención la artesanía y aprendí solo viendo”. sin embargo, ella tiene la vista ya muy cansada y ahora debe utilizar lentes para elaborar sus servilletas. Platica también que a sus tres actividades les tiene mucho cariño, en la tiendita solo hay clientela en la tarde y en la mañana, durante el día la mantiene abierta pero aprovecha para bordar y todas las mañanas se levanta muy temprano para darles de comer. En general, Doña Juanita no tiene ningún problema con sus negocios y el único sueño que tiene es lograr mejorar la calidad de vida de sus hijos que aún están estudiando. Las integrantes del grupo están muy agradecidas con KIVA y VisionFund por el crédito otorgado porque podrán invertir en sus negocios. Francisca invertirá en abarrotes, Maximina y Yaneth invertirán en bordados.

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.

Tags

About Mexico

  • $11,249
    Average annual income
  • 48
    View loans »
    Mexico Loans Fundraising
  • $18,368,000
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Ilusión Group's $3,400 loan helped a member to buy supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014