A loan of $4,075 helped a member operating capital for their respective businesses.

La Esperanza Dos Group's story

The Communal Bank “La Esperanza Dos” (Hope #2) is led by Sra. Martha and consists of 15 members who started their second loan cycle by demonstrating responsibility and punctuality. The members have businesses selling products such as bread, empanadas, and clothing at the market. Some offer Yanbal cosmetics and products that they sell mostly from home. The level of competition depends on the type of business each person has. For some, the marketplace is much more difficult. They all strive to generate a daily income needed to support their families.

This loan will be used to buy new products to offer in their businesses and generate more revenue. Other members will invest in their businesses by opening new storefronts so that they can continue expanding and improving. Their previous experience consists of that gained from the last loan cycle in which they encountered problems because the funds were not spent wisely. Each one of the members commits to improving and utilizing their funds more cautiously so that they can grow their businesses and proviD. a better quality of life for their families.

In this group: Martha, Regina, Cinthia Lorena, Alexey, Isabel, Hilaria, Maria Elia, Nelly, Wilfredo, Adela, Patricia, Elizabeth, Patricia, Roque, Victor Alfonso
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details