A loan of $3,025 helped a member working capital.

Villa Nueva Group's story

The “New Town” Group is represented by Sra. Silvia and has fourteen members. It is a relatively new group with members who show responsibility in their repayments and demonstrate in their meetings that they can work together. The strong work ethic of the group is shown by their desire not to let any adversity get in their way--they know that the fruit of their work will allow them to offer their families a better future. For this reason they require a loan to buy materials, merchandise, ingredients, and tools so that they can grow their businesses selling vegetables, bread, food, groceries, cosmetics by catalogue, medicinal coca, making clothing, and farming.

There is a lot of competition, but the members have a great deal of experience and know how to make their businesses successful: by offering a variety of good-quality products. The members are taking out their first loan, but they already talk knowledgeably about group solidarity. They promise to work together responsibly and make every effort to help each other succeed.

In this group: Silvia, Beatriz, Victoria, Mary Isabel, Rosa Leny, Romina, Felix, Lisbeth, Reina Martha, Irma, Narcizo, Emiliana, Laureana, Cristina
*not pictured

Translated from Spanish by Kiva volunteer Jane A

Loan details

Lenders and lending teams

Loan details