Total loan: $1,600

Community-Owned Bank Of Sinai

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Sinai, Panamá, Panama / Services

Community-Owned Bank Of Sinai's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to provide working capital for an indigenous community-owned bank.

Community-Owned Bank Of Sinai's story

Sinai is a small, rural, and remote indigenous community that is mostly made up of farmers. The main products of this community are avocados, plantains, cocoyam, and cassava.

The Community-Owned Bank of Sinai is a small, women-led financial institution that provides the members of the community with the ability to have savings, take out small loans, and have access to financial literacy. A lot of members in this community are financially excluded from more traditional financial institutions, but the Community-Owned Bank provides these members with a chance at financial inclusion in their own community.

The members are very committed to the growth of the rural bank since it has given them the opportunity to improve their quality of life. By giving a loan to the Community-Owed Bank of Sinai, you are providing access to financial services and creating jobs during the crucial planting season. Today, they are applying for their first Kiva loan to access working capital for 32 members to buy seeds and invest in their crops.

In the photo: Hermita (founding member and president), Daniela (secretary), Marielis (treasurer), and Juliana (member).

This community bank receives weekly monitoring and training from Global Brigades staff, guaranteeing transparency, empowerment, and financial inclusion for the inhabitants of Sinai.

Join us in helping Sinai provide financial inclusion!