A loan of $2,500 helped a member operating capital for their respective businesses.

Los Angeles Group's story

The Communal Bank “Los Angeles” was formed by ten enthusiastic and enterprising members who have connected with each other through their small businesses. They have been working with EDAPROSPO-Prosperidad for one year.

Magaly Carmen was selected to be the group’s president. At 31 years of age, she is a single mother of two children, ages 2 and 12. For the past six months, she has been selling salchipapas (a fast food dish consisting of sausages and fried potatoes). She decided to start this business when her clothing sales did not generate enough income to cover her basic expenses. With great effort, Magaly works every day so that she can make improvements to her home and purchase appliances. Her income is enough to pay for utilities, gas, and her children’s education. Magaly dreams of opening a grocery store one day. This recent loan will be used to purchase merchandise (soft drinks and supplies) for her business.

All of the members appreciate the support of their investors and promise to make their payments on time. In the photograph, the members appear with their children.

In this group: Maria Del Rosario, Magaly Carmen, Teresa, Dora Maribel, Edelmira, Luz Maria, Isabel Felicita, Noemi Dalia, Maria Gervacia, Sixta Juana

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details