A loan of $2,575 helped a member working capital.

Nuevo Renacer Group's story

The members of the “Nuevo Renacer” communal bank are represented by Zulema and the group consists of 15 members who are from the Las Pampitas neighborhood. The majority of the members have their small businesses in this neighborhood. Within the group, some are family members—Dionicia and Dora are sisters. Each has their own independent income, so this is not considered an obstacle for the group. The members work in various commercial and service activities, such as cosmetics sales, grocery sales, snacks and meals, and some work in businesses such as a hair salon, sewing, and transportation. The loan is for buying more merchandise and to buy automobile parts. Some of the members have had experience with other similar lenders, and with respect to Fundación Agrocapital, some have already participated in one loan cycle and have demonstrated responsibility and follow-through in their payments.

In this group: Zulma, Ascencia, Maria Roxana, Delsy, Gavina, Gaby, Marisol, Ignacia, Isabel, Dionicia, Ruth Mery, Diana, Ronald Alberto, Dora, Maria Ruby

Translated from Spanish by Kiva volunteer Jennifer Day

Loan details

Lenders and lending teams

Loan details