A loan of $3,450 helped a member to buy a food cart.

Nueva Esperanza Group's story

Higia, 25, is a member of the “NUEVA ESPERANZA” (New Hope) communal bank located in Ollantaytambo district, Urubamba province, Cusco department.

She has a live-in partner and a son. She provides cellular and land line phone services to the entire country. She recharges her two cellular phones on two lines and then goes to corners of the most popular city squares wearing a phosphorescent apron and provides calls to the whole country.

She only finished secondary school because her economic situation did not allow for higher education. She has make inquiries concerning the purchase of a food cart to sell hot mazmorra (a corn based dessert) in various sizes and quantities and prices so that it can be accessible to a wide range of customers. She plans to change businesses and this is why she needs a loan in order to buy the mazmorra food cart.

The other group members alternate their household chores with retail. They sell food, small farm animals, vegetables, soft drinks, beer, chicken and some run restaurants.

She is grateful for the loan granted and pledges to repay in a timely fashion.

In this group: Margarita, Rosa, Pascual Adrian, Rosa, Zanaida, Antonieta, Dina, Virginia*, Dario, Mariluz, Leonarda
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

Loan details

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Loan details