Total loan: $3,200

La Joya Farmers Community-Owned Bank

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La Joya, Estelí, Nicaragua / Services

La Joya Farmers Community-Owned Bank'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 a rural community-owned bank.

La Joya Farmers Community-Owned Bank's story

Meet La Joya Farmers Community-Owned Bank!

This Community-Owned Bank was established in 2017 and provides financial inclusion to the local rural community with microloans, savings, and financial literacy. It is formed by 19 members and most of them are in small-scale farming. They have issued 30 loans in the past and have shown a great repayment rate, only 8 loans are outstanding and paying according to their repayment schedules.

Today, they are asking for a loan to provide working capital for 20 members of this community-owned bank who will invest in their small crops of beans, corn, and coffee.

These microloans will directly benefit the community members in La Joya and strengthen the financial sustainability of their community-owned bank. La Joya has been historically excluded from basic financial services and was severely affected by the hurricane season in 2020.

With your support, the entrepreneurs and farmers from this rural community will be able to expand their businesses and contribute to the economic development of La Joya residents.

In this photo: Eva María, Juana Francisca, Juana del Rosario and Santos Herrera. All members of the Community-Owned Bank leadership.