A loan of $4,700 helped a member the purchase of good quality material and items for their businesses.

La Nueva Esperanza Group's story

The La Nueva Esperanza ("The New Hope") community bank is located in the Huancavelica department. It is starting its third cycle with 15 members.
Edita is married and has 2 children ages 20 and 18. Edita supplies lumber for making furniture and buildings. Edita has been able to acquire merchandise thanks to the loans she obtained, and this way she has been able to fill more orders, generating a good income. Edita wants to keep investing in her business, so she wants to take out a new loan. This way she will make her wood business one of the most important and prosperous.
Mercedes is married and has 1 child, age 7, who goes to school. Mercedes makes pinatas and decorations for children's parties. This business has had much demand, and she has been able to have better production thanks to her loans. Mercedes needs a new loan to keep producing in greater quantities and to meet her first goal, which is to have her own pinata store.

In this group: Edita , Mercedes Giovana, Mercedes Silvia, Jaime Rogelio, Hilda, Eduardo Daniel, Elio Yimmy, Ana Yalina, Vilma Isabel, Nancy Luz, Angelica, Irma, Zenon David, Deysi Karina, Elizabeth Irma

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Translated from Spanish by Kiva volunteer Christine Cooper

Loan details

Lenders and lending teams

Loan details