A loan of $4,450 helped a member working capital.

Nueva Luz Group's story

The “Nueva Luz” (“New Light”) group has 12 members and is represented by Francisco. The group is in its third loan cycle and its members have demonstrated unity, honesty, and the desire to advance their small businesses. The members of the group have various businesses, which include selling Viva and Entel cellular phone cards, clothing from the United States, and “salteñas” (a Bolivian savory pastry). Other members own neighborhood grocery stores, make clothing, and paint houses. Each of the members of the group is very competent in their field and because of this they know how to advance in their chosen businesses.

This loan will be used to develop their businesses by purchasing merchandise, supplies, and tools to increase their earnings. This will enable them to provide a better quality of life for their families.

The group is in its third loan cycle with this lending institution and has proven its capacity to administer its resources and the desire to work hard. For example, they made and sold pastries to raise money for a petty cash fund. They are very organized and very hardworking.

In this group: Francisco, Melvy, Carolina Ruth , Karin Sonia, Manuel Olmo, Leidy, Juana Nery, Angela Yoana, Matilde, Viviana, Maria Leticia, Mercedes

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Translated from Spanish by Kiva volunteer k vickery

Loan details

Lenders and lending teams

Loan details