A loan of $1,875 helped a member operating capital to acquire pigs & chickens.

Aldea Nimasac Group's story

Doña Isabel Osorio, age 43, did not have the opportunity to attend school. She has six children, two of whom are grown while the remaining four are minors. Her husband manufactures traditional clothing while she raises animals. Isabel has plenty of experience with her business and is able to generate income to cover her children’s educational expenses. With enthusiasm, the desire to succeed, and the help of some neighbors, Isabel was able to organize a group for the purpose of requesting a loan.

This Communal Bank is called “Aldea Nimasac”, a name selected by all of the members which happens to be the name of their neighborhood. The group consists of twelve women who are engaged in different business activities such as raising animals, making candles, manufacturing traditional clothing, and selling daily consumer goods. Isabel will use her loan to buy pigs and chickens so that she can increase her production and generate more income. Her greatest wish is to grow her business, but due to a lack of capital, she is not able to do so. With this loan, she believes she will be able to accomplish her goals.

In this group: Isabel Osorio, Juana, Catarina Juana, María, Ana, Antonia, María, María Victoriana, Juana, Francisca Victoriana, María Rosario, Ana

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Translated from Spanish by Kiva volunteer Ronan Reodica

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