The loan group finished up repayment on their loan without any late payments, saving the group $2,212! As a result they did not have to pay the 16th installment of their loan. The group has already received their next loan for $37,000 in total. For this loan cycle Maria took a loan of $6,000, Irma took a loan of $6,000, Imelda took a loan of $10,000, Mirna took a loan of $8,000 and Emigdio took a loan of $7,000. Weekly payments on this loan will be $2,727.

It took a little longer than normal to sign the loan agreement and disburse the loan because Maria's mother got sick and she had to go out of town. This loan cycle Emigdio is changing to a new business of driving a dump truck to take building supplies to a construction site. During the low season his fruit and vegetable business declined to the point that he decided it no longer made sense to continue.  Irma is pregnant with her second child but is planning to keep working selling shoes and will invest her loan in buying more inventory.

Many Americans and Canadians spend the cold winter months in Vallarta and the loan group is excited to be receiving their loan at this time of year. It will let them stock up on inventory ahead of the most economically active months of the year!