Total loan: $900
Banco Comunal Cristo Rey Group
Leon, León, Nicaragua / Food
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A loan helped to get working capital, to stock up her grocery store and to purchase goods such as shampoo packets, coffee packets, rice, beans, bread, milk, sugar and eggs for selling.
Banco Comunal Cristo Rey Group's story
The "Cristo Rey" communal bank is comprised of eight members, seven of whom are women and one is a man. They're responsible, hardworking people with a lot of drive to succeed. These members belong to the community of Sauce, which is located in the northern area of the country and is known for its milk and dairy production. Aracelis is the communal bank's coordinator and she's responsible for each of the members' repayments in terms of time and form. Her business is a grocery store located in her own house. It's a store where she sells small quantities of products and foodstuffs such as juice, soft drinks, bread, shampoo packets, coffee packets, rice, beans, milk, sugar and eggs. The purpose of this loan is to get working capital and stock up her business by purchasing goods for selling. The "Cristo Rey" communal bank thanks the lenders for the help they provide for people of limited resources in poor countries like Nicaragua so that they can have an honest means of livelihood.