A loan of $2,075 helped a member to increase working capital.

Nueva Luz Group's story

The communal bank "Nueva Luz" (New Light) is maD. up of 10 members who are from the San Antonio neighborhood of Villa Copacabana, near the hospital Escobar Uria. The members sell perfume, earrings, necklaces, pots, napkins, pastries and toys. During their time with Emprender they have participated in 6 loan cycles; the founding members of the bank have remained, and they have expanded their membership by 10 percent.

Senora Rosse Es is the leader, president, and one of the founding members of the bank. This is her 6th loan cycle, and she is taking on the position of bank president. She has been a merchant since she was very young; she sells jewelry and other miscellaneous items, including cosmetics. She has 3 daughters; the middle daughter helps her with the sales. Her husband does not generate much income, and for this reason she must continue to work to support her family so that she can help her husband so that the family lacks for nothing in the home, and so that she can proviD. support for the education of her children so that in the future they can have a profession and a better economic situation. Her participation in the group came about thanks to her companions who invited her to join the group.

The loans they obtained were invested in their capital and were also used to allow the members to travel to sell in markets in other regions of the country such as Santa Cruz and Cochabamba.

Patricia is one of the organizers and founders of a group that evolved into the communal bank Nueva Luz; she has worked with Emprender for 3 years. She is the treasurer of the bank, and is one of the most dynamic members of the group; she has been very demanding of the other members during the time she has been with the group.

Patricia sells a variety of products (jewelry and other consumer goods) with her cart. She travels with her products to markets and fairs to sell her goods. She works with her husband in this business. She has 3 daughters; her oldest daughter is 12, and the younger ones are 8 and 3 years old. The loan she obtained helped her substantially in being able to improve the economic status of her family, and to proviD. a better life for her children, as she was able to generate an increased income by increasing her working capital.

Patricia will use this loan to invest in the purchase of a store or sales post in one of the markets. Her wish is to be able to have her own home and a store. She hopes that these dreams will become reality in the future.

Cristina Es, one of the founders of the bank, currently sells cosmetics, socks, rings, wallets and other items from a cart. Cristina is an enterprising woman who supports her 2 daughters on her own. She came to know the financial institution Emprender thanks to her companions, who invited her to become part of the group. In this way she was able to access a loan, which helped her to increase her merchandise. This was a great help to her, as thanks to the loan, she was able to pay for the education of her daughter who is in school. In addition, Cristina makes quilts and bed sheets by hand in her free time.

All of the members are grateful to Emprender and Kiva for the confidence they have provided in granting this loan.

Note: In the photograph you see more members because one of the members came with her three children.

In this group: Rosse Mary, Ana Maria, Patricia, Riudinka Faviola, Modesta, Carla Marta, Susana Noemi, Bertha Josefa, Ana Yaqueline, Cristina Celestina

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Translated from Spanish by Kiva volunteer Lisa Grobar

Loan details

Lenders and lending teams

Loan details