Total loan: $10,000

La Esperanza Community-Owned Bank

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La Esperanza, Granada, Nicaragua / Services

La Esperanza 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 Esperanza Community-Owned Bank's story

Meet La Esperanza Community-Owned Bank!

La Esperanza is a small, rural community in Nicaragua that is mostly made up of farmers. The main products of this community are corn, beans, and coffee.

La Esperanza Community-Owned Bank was founded 3 years ago and provides 13 families that are members with the ability to have savings, take out microloans, and have access to financial literacy. A lot of members in this community are financially excluded from traditional financial institutions, but the Community-Owned Bank provides these members with a chance at financial inclusion without leaving their town.

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 La Esperanza, 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 provide working capital via microloans for its members to buy seeds, invest in their small crops and generate jobs in this under-resourced community.

Join us in helping La Esperanza provide financial inclusion!

In this photo: Gabriel Jose (President), Carlos Ernesto (Treasurer), Humberto Abel (Secretary), and the members Eduardo and Santos.