A loan of $3,450 helped a member iNCREASE WORKING CAPITAL.


Nueva Amistad Group's story

The “NUEVA AMISTAD” Community Bank is already on their second loan cycle. This Bank has 11 members, 8 Women and 3 Men. The group members sell meat, vegetables, food and have a neighborhood store and other jobs. Mrs. LUZ is the Bank president. She has one son and she sells supplies as per personal order. Her method of payment is weekly, biweekly and monthly. She also works in a Hospital so this way she has another source of income. Mrs. BEATRIZ VIRGINIA is the bank secretary. She has 2 children and she works selling vegetables, VHS rental and phone booth, meaning she has a neighborhood store in her own home. She was able to increase her working capital with the loan and she is always thinking about investing in new businesses. Mrs. Beatriz is a very responsible person and she would like to do better. Mrs. MICAELA KARINA is the bank treasurer and she sells beauty products. With the loan she was able to buy her products that were on sale in bulk such as perfumes, deodorants, powders and others, to improve her income and increase her working capital. She is very responsible and she shows a great desire to do better.

In this group: Luz Marina, Cesar Bladimir , Cecilia Nicolasa, Jose, Micaela Karina, Jose Luis , Jovieta Rene, Nelly Bertha, Beatriz Virginia, Leydi, Ruth

Translated from Spanish by Kiva volunteer Sue Haynes



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