Total loan: $10,000

San Jose Community Bank Group

San José, , Nicaragua / Services

San Jose Community Bank Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to provide basic financial services and financial inclusion to its community bank members.

San Jose Community Bank Group's story

San José is located in the dry corridor of Nicaragua. The members of the San José community are very enterprising, dedicated mainly to commerce, livestock, and beekeeping. San José has been noted for its extensive experience in managing the community bank and a solid foundation in financial education supported by different non-profits.

In August 2017, the community bank ¨La Bendición¨ was founded, with the support of the Global Brigades. Currently, 98% of its members are women who are dedicated to commerce, industry, livestock, agriculture, and beekeeping. The community bank of San José has an excellent performance of its portfolio, maintaining a default of 0%.

With this loan, the community-owned bank will provide access to much needed working capital to different community bank members of San Jose. Also, part of the interest generated by these smaller loans will help the community-owned bank’s growth and contribute to the dividends to be shared annually among the members. This community bank receives follow-ups and training from Global Brigades staff, which guarantees transparency, empowerment and financial inclusion for the community members of San José.

Join us in supporting San Jose to provide financial inclusion!

Photo caption: Betzabe (Founding member and president), Angela (Secretary), Nilvia del Carmen (Treasurer)