A loan of $2,475 helped a member to buy materials for their businesses making home decorations and chocolates.


Nueva Esperanza Group's story

The communal bank, "Nueva Esperanza" [New Hope] is on its third loan cycle. The thirteen members are very hard-working women who try to progress through their businesses. Many of them are the source of economic support for their home. We met Anita and Gladis, who told us about their experiences as microbusinesswomen. Anita is 38 and is a single mother. She started to work five years ago making decorations for the home out of materials like ribbon, satin ribbon, and macramé. She also makes wallets and sandals. She bought these materials on credit at the beginning because she didn't have enough capital to invest in them. She sold her products to her siblings, aunts and uncles, friends, neighbors, and acquaintances. She used the loans she received later to buy glue, different colored thread, ribbons, yarn, ties for bags, silicone, soles for sandals, accessories to make wallets, bathroom decorations, flowerpots, corner protectors for furniture, and little angels and Santas for Christmas. She took a silverwork class a year and a half ago with the goal of designing earrings, rings, bracelets, and necklaces to increase her income. Later on she bought a digital scale that she needed for her business. She needs this loan to invest in natural stones, silver thread by the gram, pliers, and accessories to make her pieces out of silver.

Gladis is 57. When she was 25, she bought some fabric remnants to make baby clothes. She used her creativity to make lovely designs with the only goal of supporting her husband with the costs of raising their children. The desire to learn to make other items led her to study courses in crafts, chocolate, and other subjects. This is how she learned to make chocolates, stuffed animals, and canvas shoes that she sold to her friends, neighbors, acquaintances, and family members. She had the goal of supporting her home and educating her grandson that she has been caring for since he was young. She will use this loan to buy dulce de leche, dried fruit, chocolate, wrappers, and molds to make chocolates. She will also buy beauty products.

In this group: Anatolia, Crisalida*, Xenia Rosa, Dora Roxana, Rosa Jacqueline, Luisa Octavia, Elvia Dariela, Elizabeth Magaly *, Jhaqueline Milagros, Isabel Marlene, Laura Lidia, Gladis
*not pictured

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Translated from Spanish by Kiva volunteer Tanya Harper



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